Italy: UniCredit prepares for generational renewal and focuses on training

UniCredit is planning for 1,200 voluntary early retirements, that will be partly offset by 725 younger hires. An agreement signed on 27 January 2022 by Italy's second largest bank and the Fabi, First-Cisl, Fisac-Cgil, Uilca and Unisin trade unions lays the foundations for realising the bank’s ‘UniCredit Unlocked’ 2022-2024 strategic plan by focusing on generational renewal, new skills acquisition and a revival of the branch network. This last point notably marks a break with the previous management.
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The ‘UniCredit Unlocked’ strategic plan that the bank’s new CEO Andrea Orcel presented in early December 2021, is based on the “social role of UniCredit in Italy”, and places both customer care and the branch network at the heart of its strategies, in aiming to meet regional needs.


Voluntary departures. The strategic plan provides for 950 voluntary early retirements by the end of 2024, which are to be partly offset by 475 new hires across the network. The social partners have also agreed on 250

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