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
1,250 jobs Number of planned job losses
Announcement Date
20 September 2019
Employment effect (start)
30 November 2019
Foreseen end date
Description
During the presentation of the 2019-2013 industrial plan, the bank Carige announced its intention to cut 800 jobs by the end of 2023 and to close 100 branches. The planned job reduction will take place through voluntary exits which will be negotiated with the trade unions.
The new 800 redundancies will add up to the 450 already negotiated during the previous years (the last 300 will take place by the end of November 2019).
Currently, the company employs 4,090 workers in Italy, but will be reduced to 2,840 by the end of 2023.
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.
