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 64.19 - Other monetary intermediation
581 jobs Number of planned job losses
200 jobs Number of planned job creations
Announcement Date
11 February 2015
Employment effect (start)
Foreseen end date
31 December 2017
Description
Italian bank Banca Popolare dell’Emila Romagna (Bper) announced its intention to reduce its workforce by 581 employees and to close 130 branch offices by the end of 2017.
The decision is part of the business plan covering the 2014-2017 period driven by the need to reduce costs. The business plan envisages a restructuring process involving the reduction of branch offices, the implementation of a hub & spoke network, the supply of digital banking services, a stronger orientation toward consumer finance, as well as measures aimed at improving risk management and reducing operating costs.
The restructuring will entail a net reduction of 581 employees who will be eligible for retirement by the end of 2017. The plan is also to create 200 new jobs for the development of new services.
Trade unions complained that they have not been consulted by the management yet and that it is not clear from the industrial plan if the 'net reduction of the workforce' takes into account the 200 new entrants.
Update 14/08/2015: Consultations with unions were concluded confirming a net 581 head count reduction, to be implemented by means of 781 early retirements and 200 new hirings. The agreement also envisages training and internal relocations for 507 employees.
Sources
11 February 2015: Wall Street Italia
11 February 2015: Il Sole 24 Ore
19 December 2015: Trade unions - Press release
18 August 2015: Company - press release
Citation
Eurofound (2015), BPER, Internal restructuring in Italy, factsheet number 78668, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78668.
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