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Ubi Banca: agreement for 300 redundancies and 150 hirings

Agreement with the unions. The exits will be on a voluntary basis and will begin in February - The Bank estimates that the redundancies will produce savings of over 20 million in 2020 and over 25 million per year when fully operational from 2021

Ubi Banca: agreement for 300 redundancies and 150 hirings

Where's Banca e the trade unions have signed an agreement for a new round of exodus envisaged in the 2019-20 Business Plan. The agreement concerns the exit, on a voluntary basis, of about 300 people, Of which 50 will be admitted to the Solidarity Fund (the applications for membership had been presented on the occasion of the previous redundancy plan of 2017).

The exoduses will start this February and will cost the Bank approx 70 million euros gross (50 net), to be accounted for in the fourth quarter 2019 results.

The Bank estimates that redundancies will produce savings for over 20 million in the 2020 and over 25 million per year fully operational from 2021.

"The generational change related to the exodus initiative will allow, also in support of theyouth employment – reads the Ubi note – the entry of new resources in addition to the consolidation of fixed-term contracts already operating within the group”.

The agreement with the trade unions represents "a further phase in the process of rationalizing the group's workforce which continues in line with the forecasts of the currently existing Business Plan and which will allow the achievement of the workforce target envisaged by this Plan for the year 2020 (about 19.500 resources)”, concludes the note.

 The agreement reached between Fabi, First Cisl, the other trade union organizations and the group's top management envisages 150 hires – the unions specify – against 300 departures, all on a voluntary basis, with access to the Solidarity Fund or to a pension. The releases will take place from March XNUMXst. At the same time, Ubi will kick off a plan of 150 hires (of which 100 by June 2020 and 50 by December 2021) to which must be added 42 stabilizations of precarious workers who will be stabilized with permanent contracts.

“Bankers are not a dying breed – explains the national secretary Fabi, Fabio Scola – is the message that comes from the new concrete and positive agreement in the Ubi group”. These hirings, combined with the recent hypothesis of an agreement to renew the national contract, represent "strong and important signals for the future of our category, which must also be interpreted in the best possible way in the next industrial plan of the Ubi group".

“It is positive that once again the principle has been affirmed that the creation of new jobs must always correspond to the creation of new jobs when leaving for retirement or for accessing the Solidarity Fund. On this occasion, among other things, the replacement rate is one entry for every two exits, a clear improvement compared to the previous agreements, in which one hiring was envisaged for every three redundancies/retirees. This is why our judgment is positive”, he comments Giuseppe Cassella, responsible secretary of the First Cisl of the Ubi group .

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