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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.1 - Monetary Intermediation
400 jobs Number of planned job losses
Announcement Date
20 February 2024
Employment effect (start)
20 February 2024
Foreseen end date
Description
Nexi, a digital payments provider, is planning a workforce reduction of approximately 400 positions in Italy, representing 10% of its national workforce, as part of a broader cost-reduction strategy.
The company is implementing these changes amid challenging market conditions, in order to strengthen its financial position and reduce its €4 billion debt burden. The Italian workforce adjustments are expected to focus primarily on employees approaching retirement age through an interbank fund scheme.
The initiative extends beyond Italy, with similar measures planned in Greece and Denmark.
Eurofound (2024), Nexi, Internal restructuring in Italy, factsheet number 202145, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202145.
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