In view of the future transformation of the main cooperative banks into joint-stock companies, decided by the Renzi Government by decree, the presidents of the seven trade unions of the banks FIRST/Cisl, Fabi, Fisac/Cgil, Sinfub, Ugl/Credito, Uilca/Uil and Unisin wrote to the presidents and managing directors of the 10 Italian cooperative banks that are preparing to make this significant change a letter in which they ask for a discussion on this issue and the opportunity to clarify their proposal on the subject of participation.
The fear of banking unions is what futures corporate merger operations can be made with the sole aim of “short-term profit maximization through mere cost-cutting and personnel reduction”. In the letter, the trade unions ask Popolari on the verge of transformation to "face these scenarios with a great sense of responsibility, from a constructive and forward-looking perspective" in such a way as to be able to promote "sustainable company development logics, to be shared in an assiduous and fruitful dialogue social".
