The agreement signed on 19 December between Italy's second-largest bank and the Fabi, First-Cisl, Fisac-Cgil, Uilca and Unisin trade unions will enable 510 employees to take early retirement, while new recruits could total 424. The ratio of departures to new hires should therefore be higher than standard practice in the Italian banking sector (one new hire for every two departures).
The agreement continues the generational renewal policy that UniCredit has been pursuing for several years. Requests for early retirement following an agreement struck in December 2022 far exceeded the 850 departures planned for.
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Article authors
Hélène Martinelli
Freelance