Agreement reached between Intesa Sanpaolo and the trade unions of credit on the occupational perimeter of the maxi banking group in view of the integration of Ubi Banca.
To date, the bank led by Carlo Messina has 61.172 employees, while the former cooperative has 19.609 workers. Based on the agreement signed during the night, by 2023 there will be 5 exits and 2500 hires.
INTESA-UBI: THE EXITS
The exits will be strictly voluntary and will be staggered between 2021 and 2023. Management will take place through retirement and recourse to the solidarity fund, which will also be activated for those who reach the pension requirement in 2026. The agreement on voluntary exits will also , specify the trade unions (Fabi, First Cisl, Fisac Cgil, Uilca, Unisin), will be valid for all employees of Intesa and Ubi, including those who will be transferred to Bper. “We have paid the utmost attention to the Ubi workers who will be transferred to Bper, they too, if they wish, will be able to access the exit plan, specifies the national secretary Fabi and coordinator of the Intesa group, Giuseppe Milazzo.
"We are satisfied - comment Caterina Dotto and Giuseppe Cassella, group secretaries of First Cisl in Intesa Sanpaolo and in Ubi - because we have given certainty of rights to the 1.197 pending applications (925 Intesa Sanpaolo and 272 Ubi), exceeding period estimated by the two banks. The questions will have to be resubmitted, under the conditions of the new agreement, which concerns the entire perimeter of the Intesa Sanpaolo Group, but will have priority". “The 5 planned exits – they conclude – will expire with access to both direct pensions, including the 100 quota and the women's option, and the sector redundancy fund”.
INTESA-UBI: THE RECRUITMENTS
For every two outings there will be one hire. A total of 2.500 new hires will be made by 31 December 2023 "with attention to support for the network requested by the union and the disadvantaged areas of the country, the stabilization of the times determined in service at the date of signing the agreement and the workers placed in the emergency section of the sectoral Solidarity Fund”, specify the trade unions.
“This agreement is the first important step of the new Intesa group with a first important objective which is the integration of the 20.000 Ubi employees. An integration phase that will see two other fundamental moments, the transfer of a business branch to Bper and the integration into the Ubi group, two moments to be followed with the utmost attention to ensure the protection and best valorisation of resources ", he declared the Fabi coordinator of the Ubi group, Paolo Citterio.
ASSIGNMENT OF BRANCHES TO BPER: DEADLINES
Another important news that arrived today, 30 September, concerns the agreement between Intesa Sanpaolo and Bper on the deadlines to be respected for the sale of the business unit consisting of a set of branches of the group resulting from the takeover bid and their respective employees and relations with customers.
The sale of the Ubi Banca branches to Bper will be carried out by the second half of February 2021, while that of the Intesa Sanpaolo branches by the second quarter of the same year.
It should be underlined that, taking into account the new timing, Bper has revised the estimates of the economic-financial targets of the branch to 2021, adjusting them on an accrual basis. In detail, the estimated consolidated net profit of the Combined Entity (Bper Group including the Division) in 2021 is expected to be approximately €350 million, “excluding the positive and negative one-off elements of the transaction and taking into account the pro - installment of the Branch in the light of the new closing timing”, explains the bank. The estimates of gross Npe ratio and cost/income ratio of the Combined Entity at the end of 2021 are expected to be in the area of 9% and 60% respectively, with an expected Fully Loaded Cet1 ratio higher than 13,0%.
STOCKS ON THE STOCK EXCHANGE
After the go-ahead for the capital increase for the purchase of the branches of Intesa Sanpaolo and Ubi Banca, the Bper share dropped more than 2% on the Stock Exchange to 1,91 euros. Ubi Banca shares were also heavy, losing 11.30% at 2,7. The Understanding resists, proceeding around parity.
"The agreement signed today - this is the comment of the CEO of Intesa Carlo Messina -, after a quick and effective negotiation, makes it possible to achieve a result based, for both parties, on the desire to protect employment, to favor the professional development of people, to respect their aspirations. In a general framework marked by a notable complexity, we confirm the employment - on permanent contracts - of 2.500 young people. The new entries will be able to support the growth of the Group and its new activities; we will pay particular attention to supporting our territorial networks and disadvantaged areas of the country. Our thanks go to the trade unions for the solid and constructive relationship established over the years: once again it has led to positive results for employment and the confirmation of Intesa Sanpaolo's development plans, strengthened from now on by the skills and professionalism of the people from UBI, with a view to further affirming its leadership in Europe”.
