UniCredit, Unions Agree on Voluntary Cuts, New Hires
27 Januar 2022 - 11:16AM
Dow Jones News
By Giulia Petroni
UniCredit SpA has agreed with Italian unions on 1,200 voluntary
job cuts and 725 new hires, Italian banking union FABI said on
Thursday.
The Italian lender's plan foresees 950 voluntary cuts through
early retirements, partly offset by 475 new hires. An additional
250 voluntary cuts have been agreed to, fully offset by 250 new
arrivals.
"It's an agreement of great importance on the theme of
generational turnover and employment balancing," according to the
FABI union.
UniCredit will also make 1,000 temporary apprenticeship
contracts permanent.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 27, 2022 05:01 ET (10:01 GMT)
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