On 14 April 2021, management of the leading Italian banking group together with the FABI, First-Cisl, Fisac-Cgil, Uilca and Unisin trade unions signed an agreement that will see the working conditions, salaries and benefits of the 15,000 or so former UBI Banca employees gradually come into line with those currently in force within the Intesa Sanpaolo group. The agreement also provides for a number of improvements for all employees as well as specific measures for newly hired young people. Intesa Sanpaolo's takeover of UBI Banca marks Italy’s largest merger in recent years, and results in a group of more than 82,000 people in the country alone.
Harmonization pathway. The agreement “paves the way for the full integration of people [Ed. note coming from UBI Banca] within the group, valuing their skills and guaranteeing their professional development,” commented Intesa Sanpaolo Group (ISP) CEO Carlo Messina in a statement. While the agreement provides for the standardization of many aspects starting 12 April 2021 (when the respective IT systems merged), full harmonization is set for 01 January 2022. By May 2021, the social partners will
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