Italy: UniCredit ramps up its generational renewal measures and promotes employees’ purchasing power

Italy’s banking giant has just signed several agreements with the trade unions that include provisions for a new early retirement plan, with 850 voluntary departures fully matched by new hires. In addition, the early negotiation of the productivity bonus and a new lump sum for benefits in kind will mean UniCredit group employees in Italy can access up to €2,400 in the coming months.
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Key points

A new early retirement programme based on one new hire for one departure.
Purchasing power support in the form of bonuses
A redefinition of professional profiles across the subsidiary network

The agreements signed on 02 December by the UniCredit banking group and the FABI, First-Cisl, Fisac-Cgil, Uilca and Unisin trade unions will, according to the trade union press release, make it possible to “guarantee that job numbers are maintained” and to “

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