Ubi Banca has signed a framework agreement with the unions as part of the group's updated Industrial Plan, in light of the acquisition and integration of Banca Adriatica, Banca Tirrenica and Banca Teatina. The bank communicates it in a note.
The agreement provides for the activation of an early retirement and incentive plan which, in this first phase, allows approximately 400 resources who meet the relevant social security requirements by 31 December 2024 to voluntarily access pension treatment or the benefits of the Solidarity Fund of sector. The release of these resources is expected as early as January 2018.
The costs of all redundancies will lead to additional charges in the income statement for the year of approximately 50 million gross which will be recognized in the results in the fourth quarter of 2017 following the agreements reached.
