Internal restructuring
Nord Ovest; Piemonte; Torino
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

140 jobs
Number of planned job losses
Job loss
Announcement Date
27 September 2019
Employment effect (start)
Foreseen end date


As part of its Strategic Plan 2019-2024 approved by the Board of Directors on September 26, 2019, the banking company Banca Intermobiliare (BIM) announced its intention to dismiss 140 workers. Collective dismissal procedures started on September 27, 2019.

The decision is connected to the difficult economic situation BIM is experiencing for several years (in 2018, the bank counted losses for €158 million) and to the conditions posed by the majority shareholder, the fund Attestor, for a capital increase. 

The trade unions defined the restructuring plan as socially irresponsible and said  the union will fight for a plan with voluntary departures and early retirement, refusing alternatives such as  tranforming employees' contracts into contracts for self-employed workers.

Banca Intermobiliare currently employs 423 workers.



Eurofound (2019), Banca Intermobiliare, Internal restructuring in Italy, factsheet number 98792, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98792.