Intesa Sanpaolo, Unions Reach Agreement for 5,000 Voluntary Exits, 2,500 New Hires
30 Septiembre 2020 - 7:09AM
Noticias Dow Jones
By Pietro Lombardi
Intesa Sanpaolo SpA has reached an agreement with Italian unions
over 5,000 voluntary exits and 2,500 new hires in coming years as
part of the integration of Unione di Banche Italiane SpA.
The exits will be on voluntary basis and will consist of
retirements and early retirements, Italian union Federazione
Autonoma Bancari Italiani said Wednesday. They will take place
between 2021 and 2023, it said.
Under the agreement, 2,500 young people will be hired by the end
of 2023.
In July, Intesa Sanpaolo secured investor support to take over
UBI Banca. The merger will create Italy's largest bank by assets
and the eurozone's second-biggest by market capitalization.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
September 30, 2020 07:54 ET (11:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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