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Mps, new agreement on staff reduction

The Sienese bank and the unions have reached an agreement to carry out the first tranche of personnel outflows between 2016 and 2019 which will involve a total of 2.900 employees: in the spring, 600 will retire early with an incentive if their monthly allowance is less than 2 thousand euros – This is how the agreement works

Last Friday, 23 December, Banca Monte dei Paschi di Siena, whose delegation was led by Ilaria Dalla Riva, head of the Human Resources Department, and the credit unions, reached an agreement to carry out the first tranche of personnel outflows in the ' scope of the 2016-2019 Business Plan, which envisages, over the period of the plan, an overall reduction of 2900 redundancies, the closure of 500 branches and the introduction of 300 permanent contracts.

The agreement establishes that the employment relationship ceases on 30 April and from 1 May next the 600 workers, who will accrue the right to the INPS pension of the Compulsory General Insurance over the next 5 years and in any case no later than 1 May 2022.

The application to join the Solidarity Fund must be presented by the interested parties between 15 January and 31 January; Executives who receive a salary no higher than that of the highest level of the Middle Manager category (QD4) and if they have reached the maximum contractual seniority and career can also join the Fund.

Furthermore, the agreement, while in compliance with the cost and workforce reduction objectives envisaged by the Business Plan, safeguards the logic of overall social equity already expressed with the company agreement of 24 December 2015.

Indeed, in the hypothesis in which the monthly allowance from the Solidarity Fund is quantified in an amount of less than 2.000 euros (net of taxation), the worker will be recognized as an incentive to leave, in the form of a monthly disbursement, a such an amount as to guarantee him – in combination with the provision of the Fund – a net treatment equal to 80% of the last salary received in service. The sum between the amount disbursed by the Fund and the integration paid by the Bank cannot in any case exceed 2.000 euros net per month.

The agreement also reserves specific provisions for female workers who can opt for the transition to the contributory method with which their pension will be calculated: in the event of voluntary participation in the redundancy they are in fact entitled to an incentive equal to 24 months' salary which can be integrated up to to a maximum of a further 9 months in relation to the period between the date of termination of service and that of the pension "window".

Finally, the company welfare conditions continue to be guaranteed to workers placed in the Fund, such as the reimbursement of medical expenses, the maintenance of the position with the company welfare funds, credit facilities, conditions and services in force from time to time for workers in service .

The agreement, with the full involvement of the unions, therefore constitutes the starting point for future negotiations related to industrial projects and organizational restructuring referred to the new scenario of the Bank. 

Finally, it should be underlined that in this context, the Bank wanted to further strengthen the solidarity initiatives envisaged in the company, sensitizing managers to donate significant portions of their salary to MPSolidale, the internal solidarity fund, active for a year now, also for 2017 , which is fed not only by the salaries of the managers, but also by the donations of days off and other paid leave by employees to allow colleagues, who need it, to reconcile their life and work time, having to meet serious and proven personal and family needs, giving priority to the care needs of children suffering from particular pathologies or discomforts.

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