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
400 jobs Number of planned job losses
Announcement Date
14 September 2017
Employment effect (start)
Foreseen end date
31 December 2020
Description
Italian banking group Banca Carige announced the dismissal of about 400 employees by the end of 2020.
The company is implementing a large restructuring plan aimed at strengthening its capital base. The plan also entails the closure of about 120 branches and the disposal of assets, including the group’s consumer credit company Creditis.
The redundancies add up to those initially announced in the 2017-2020 industrial plan for a total number of about 1,000 exits between 2017 and 2020 (see Banca CarigeIT-2016).
Unions oppose the plan and are holding assemblies. They also call for the implementation of the dismissals on a voluntary basis.
Sources
14 September 2017: Il Secolo XIX
28 September 2017: Il Secolo XIX
3 October 2017: Rassegna Sindacale
Citation
Eurofound (2017), Banca Carige, Internal restructuring in Italy, factsheet number 92279, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92279.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
