Share

Banks: bank slide lengthens to 7 years

In addition to the repayments for the bondholders of the failed banks, the banking decree also contains a measure aimed at facilitating the exit of the bankers. The slide along which workers who decide to leave their jobs early rises from five to seven years.

Banks: bank slide lengthens to 7 years

Not just refunds. The banking decree approved by the Council of Ministers on Friday 29 April contains a series of measures which aim to lay more solid foundations for the restructuring of the banking system currently underway, from measures to support businesses to the acceleration of credit recovery, up to changes relating to the Dta (deferred advance taxes) and the solidarity fund for the retraining of credit personnel.

Among the most interesting provisions inserted in the text, it is necessary to highlight above all the "chute" through which bank exits will be facilitated. The window during which redundant workers who decide to leave their jobs voluntarily early will be able to benefit from the social safety net of the sector will increase from five to seven years. In other words, according to the decree, bankers will be able to take advantage of that outgoing flexibility currently at the center of the national debate.

The measure contained in the decree takes place within the bank restructuring process due to which, according to the Fabi union, around 20 jobs will disappear in less than 70 years, in addition to the 48 redundancies that occurred between 2000 and 2015.

It should be emphasized that up to 2018 redundancies are already expected by 23 who, thanks to the measure approved a few days ago, will therefore be able to enjoy protection longer than two years.

comments