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.
Banco BPM, a bank operating in the financial services sector, has announced 1,200 job cuts affecting staff across its national branch network in Italy. This is in addition to the creation of 75 new positions, following a restructuring agreement with the trade unions FISAC CGIL, FIRST CISL and UILCA. The plan increases the anticipated number of departures from 1,100 to 1,200 by the end of 2026 and also foresees the acceptance of an additional 100 employees into the sectoral solidarity fund, as well as the stabilisation of four temporary contracts.
The restructuring is intended to facilitate generational change within the organisation and bolster operational capacity across the retail network. All newly created positions will be allocated to the branch network and an additional hiring quota of 2% — calculated on the number of departures — will be reserved for women who are victims of gender-based violence, or the children of victims of femicide, in line with the company’s social responsibility commitments.
Job reductions will take place exclusively through voluntary exits supported by the sectoral solidarity fund, and no direct dismissals have been announced. The company has also introduced a safeguard clause ensuring that any newly hired employee who resigns within 12 months will be replaced, thereby maintaining the planned turnover levels..
Eurofound (2026), Banco BPM, Internal restructuring in Italy, factsheet number 204295, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204295.