Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The banking group Banco Desio reached an agreement with the sectoral trade unions for 100 voluntary redundancies.
These voluntary dismissals will be supported by the sectoral Solidarity Fund, with an average permanence within the fund of 16 months, and will take place in two steps, on 1 July 2021 and on 1 July 2022. The agreement reduces the number of dismissals foreseen by the group, which shouls have been 125.
The bank committed to change fixed-contract employees to a more long term contract and to create, by the end of 2023, one new position for every two eliminated through the agreement.
The trade unions evaluated the agreement in a positive way.
Eurofound (2020), Banco Desio, Internal restructuring in Italy, factsheet number 102744, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102744.