San Paolo IMI

Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
2,000 jobs
Number of planned job losses
Job loss
Announcement Date
11 February 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 February 2005

Description

The Company industrial plan 2003-2005 (presented to the financial community on Tuesday, 11 February 2003) oversees 2000 redundancies. The company has not yet made clear how the lay-off will be carried on.

Citation

Eurofound (2003), San Paolo IMI, Internal restructuring in Italy, factsheet number 59245, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59245.