There are 575 redundancies foreseen in the industrial plan of the Popular Bank of Vicenza. This was reported by the union sources, after the meeting with CEO Iorio.
Thus, the institute focuses on cost containment: in addition to the reduction of personnel (300 redundancies were foreseen in the old industrial plan, another 275 with the activation of the solidarity fund by 2020), in fact, the closure of 150 branches. The bank's new plan also provides for 180 hires.
Among the other objectives of Popolare di Vicenza's industrial plan there would be a return to profit starting next year and a positive result of 200 million in 2018. The CEO Francesco Iorio also spoke of the future capital increase of the institute, which could be around 1,5 billion euros.
