Capitalia

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
5,246 jobs
Number of planned job losses
Job loss
Announcement Date
2 October 2002
Employment effect (start)
1 October 2002
Foreseen end date
1 March 2004

Description

1530 dismissed workers will benefit of a special public fund aimed to support the bancking industry restructuring.

1200 employees will be dismissed throught the selling of 120 bank counters to other banks.

Citation

Eurofound (2002), Capitalia, Internal restructuring in Italy, factsheet number 60201, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60201.