UniCredit reaches a deal with unions as it seeks to cut domestic operations

first_img UniCredit has reached a deal with unions over thousands of lay-offs in Italy, ending a protracted struggle over a plan by the country’s biggest bank to streamline domestic operations.Under the deal, 3,000 UniCredit employees will get access to early retirement plans, the FABI banking union said. This comes on top of planned lay-offs for 600 staff and a further group of 1,100 employees, who are expected to leave the bank in 2014-15, it said. UniCredit has agreed to hire more than 2,000 new staff by 2013. The breakthrough comes a few weeks after Federico Ghizzoni was appointed at the helm of the bank, replacing Alessandro Profumo, who quit abruptly last month following a power clash with shareholders.“Negotiations were difficult,” said FABI secretary general, Mauro Morelli. “We are sure Federico Ghizzoni will not hinder the important results achieved.” Profumo, who turned the bank into a pan-European player through a string of acquisitions, had laid out the cuts as part of a plan to boost efficiency. Show Comments ▼ KCS-content UniCredit reaches a deal with unions as it seeks to cut domestic operations Monday 18 October 2010 7:42 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comcenter_img Tags: NULL whatsapp Share whatsapplast_img

Leave a Reply

Your email address will not be published. Required fields are marked *