Italy: Generali renews framework agreement on employment protection in the group

On June 27, Generali Italia Spa and Generali Infrastructures S.c.a.r.l. (GIS), together with the group’s corporate union representation body (RSA), signed an agreement, valid until March 31, 2016, renewing the deal on employment protection in the group within the framework of its restructuring program in Italy. Among other things, it provides for the general maintenance of employment levels, appeal to “non-traumatic conditions” for those who leave, reduced outsourcing with the insourcing of certain activities, and permanent social dialogue to solve problems.
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Restructuring. In order to improve Generali Spa’s position on the Italian labor market, its profitability, and its international stance, the group’s industrial plan 2013-2015 provides for an in-depth restructuring of its Italian operations. To that end, the group signed several agreement with the RSA, including one on March 4, 2013 that guaranteed that no extraordinary employment reduction program was planned and defining information modalities and the development of different operations. After

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