The agreement signed on 9 April by BNL-BNP Paribas, the Italian subsidiary of the French banking group, and all the unions in the banking sector provides for 908 voluntary early retirements and retirements, while 776 new employees will be recruited between now and 2026. The replacement rate is therefore around 85%, one of the highest among recent generational renewal agreements at Italian banks, which generally consist of one hire for every two early retirements). Some 93 employees currently on
…Italy: generational renewal agreement penned at BNP Paribas subsidiary
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