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.
UniCredit, one of Italy's most important banks, reached an important agreement with the main trade unions in the banking sector, providing for a staff renewal plan. The programme provides for a balance between retirements and new hirings: specifically, against 1000 employees who will leave the company, there will be the entry of 750 to 950 new resources (including 500 young professionals, 250 positions for natural replacements and 200 at headquarters). The new hires will take place in the two-year period 2025-2026. The negotiation brought the company's request on the exits from 1600 to 1000 workers, providing for a retraining programme for the 600 workers. One-third of these retrained professionals will go to strengthen the branch network within the next year.
Eurofound (2024), UniCredit, Internal restructuring in Italy, factsheet number 201808, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201808.