Italy: Intesa Sanpaolo and UniCredit switch to a 37-hour week

At the end of May, Italy’s two largest banking groups, Intesa Sanpaolo and UniCredit, reached an agreement with the FABI, First-Cisl, Fisac-Cgil, Uilca and Unisin trade unions to reduce their working weeks by 30 minutes. From 1 July, full-time employees at UniCredit offices will leave work half an hour earlier on Fridays, with no reduction in pay, while branches will close half an hour earlier. The ‘shortened Friday’ solution has also been adopted at Intesa Sanpaolo, as the unions were...