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.
Intesa Sanpaolo, the Italian banking institute, is to cut 1,000 jobs by the end of June 2013.
The reorganisation plans announced earlier by the bank assumed the downsizing. The bank has planned meetings with the trade unions representatives in the next months in order to negotiate the measures aimed at reducing the social and economic negative effects for the dismissed workers.
In Italy the Intesa Sanpaolo group has around 68,000 employees.
Eurofound (2012), Intesa Sanpaolo, Internal restructuring in Italy, factsheet number 74172, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74172.