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
150 jobs Number of planned job losses
150 jobs Number of planned job creations
Announcement Date
13 January 2020
Employment effect (start)
1 March 2020
Foreseen end date
Description
The bank Ubi Banca reached an agreement with the trade unions for the voluntary departure of 300 workers.
The voluntary departures will be supported by the sectoral Redundancy Fund or will take place through retirement, and will start by the beginning of March.
The agreement for the 300 job reductions reached by the management and the trade unions envisages also 150 new hirings which will take place from the end of June onward.
According to the management, the agreement represents another step of the reorganisation process defined in the 2019-2020 industrial plan.
Eurofound (2020), Ubi Banca, Internal restructuring in Italy, factsheet number 99660, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99660.
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.
