UniCredit inks jobs deal with unions in corporate centre downsizing
Adds statement from UniCredit in paragraph 6; Italy staff comparison figure in paragraph 8
By Valentina Za
MILAN, Oct 17 (Reuters) -Italy's second-biggest bank UniCredit CRDI.MI has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday.
The move, sources have previously told Reuters, forms part of CEO Andrea Orcel's strategy aimed at slimming down the corporate centre as the bank boosts its digital capabilities.
A downsizing of UniCredit's central offices in Milan could also be an advantage if the bank were to pursue a tie-up with Commerzbank CBKG.DE, in which it has become the biggest shareholder pending supervisory approval.
In that case Germany would become UniCredit's main market.
While it has ruled out moving its legal base abroad, Italian authorities and union leaders have expressed concerns UniCredit could shift at least some central functions to Frankfurt to overcome German opposition to a deal.
UniCredit said in a statement it remained committed to investing in its commercial network.
Under the accord signed overnight, unions secured a number of benefits for the bank's 27,450 Italian staff including higher meal vouchers and a renewal of the healthcare insurance for 2026-2027 on the same terms as in 2023.
UniCredit had over 37,300 staff in Italy in 2015, before it embarked on a long restructuring.
The UNISIN-CONFSAL union said there could be up to another 250 new hires over the next two years based on regular turnover.
UniCredit has committed to agreeing by Feb. 28, 2025 a productivity bonus that would reflect the good results the bank is set to report this year, the FABI union said.
Under the deal, UniCredit will invest to retrain 600 employees in its central offices, of whom 200 will be moved to branches as soon as next year to support efforts to boost fee income.
The training will see staff attend classes at a learning centre dubbed UniCredit University.
The remaining 400 will be reallocated based on the pace of digitisation of the bank's central functions, and are expected to be largely redeployed to beef up depleted branch network ranks.
"The accord is important because of the role reskilling plays in it, an element which counters the potential need for further exits," FABI representative Stefano Cefaloni said.
Additional reporting by Andrea Mandala and Sara Rossi; Editing by Giulia Segreti and Keith Weir
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
