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 64.91 - Financial leasing
118 jobs Number of planned job losses
Announcement Date
28 September 2012
Employment effect (start)
1 January 2013
Foreseen end date
Description
Hypo Alpe Adria Bank SpA is to cut 118 out of 403 jobs in its Italian branches. The dismissals are part of the 2012-2014 restructuring plan.
The management states that the structural interventions aim to pave the way towards re-privatization and to make the bank’s retail department more competitive, while at the same time reducing costs.
The company and the trade unions have started negotiations with in order to discuss the details of the new business plan, and to avoid redundancies. It is reported that the unions will propose solidarity contracts for the affected workers.
Sources
24 October 2012: Messaggero Veneto
Citation
Eurofound (2012), Hypo Alpe Adria, Internal restructuring in Italy, factsheet number 74415, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74415.
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