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Understanding: agreement with unions for newco with Intrum on Npl

The agreement provides a framework of guarantees to the personnel who will be assigned to Tersia, a new company for the management of the non-performing loan platform, through the confirmation of the reference regulatory and economic framework of the group

Understanding: agreement with unions for newco with Intrum on Npl

Intesa Sanpaolo and the unions have signed an agreement for the construction of the strategic partnership with Intrum on NPLs. In detail, a note explains, the agreement "provides a framework of concrete guarantees to the personnel who will be assigned to the Tersia company to be set up for the management of the non-performing loan platform, through the confirmation of the reference regulatory and economic framework of the Intesa Sanpaolo group and the commitment of the same to intervene in favor of the personnel who will become part of the new company, in the event of any employment tensions that may arise in the 15 years following the sale of the controlling share package".

Tersia will apply the collective bargaining agreement on credit and will give the trade union representation mandate to the ABI. For employees who will move to the new company (49% owned by Intesa) the long-term incentive plan Lecoip 2.0 is also confirmed.

“We are aware that we have done a good job for the workers transferred by Intesa to the new Tersia – said Giuseppe Milazzo, national secretary of Fabi – The best employment and professional guarantees have been set up to allow you to work peacefully. The national credit agreement was guaranteed for our transfers but also for future colleagues hired by Tersia. There will be no economic, regulatory and workplace setbacks. We are convinced that the agreement – ​​he added – once assimilated and evaluated with serenity, will be appreciated in the workers' meetings scheduled for September ”.

The comment of Uilca's general secretary, Massimo Masi, is of a different sign: “Our union has always expressed its opposition to the sale of company branches. Faced, however, with a company choice that has led in this direction, our aim has been to act so that the male and female workers who will switch to Tersia receive all the necessary employment and contractual guarantees. The agreement has translated our objective into real protections even if we would have preferred a national agreement with Abi, a procedure that other institutions, such as Banco Bpm, will most likely initiate".

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