In view of the staff exits that will take place on the basis of the agreement of 23.12.2015, in order to support generational turnover and support youth employment policies, Ubi Banca has announced that it will proceed, during the two-year period 2016-2017, athiring of 130 resources (plus a maximum of 30 resources proportionally to the exit of the further 70 positions), both through new insertions and through the stabilization of temporary employment relationships already existing in the group, also taking into account the terms of the existing contracts, also with recourse to the intra-group mobility.
The agreed interventions have a strong social sustainability character; the acceptance of the approximately 410 redundancy applications also allows for savings of approximately 31 million euros gross per yearwhich will help keep personnel costs down. The one-off charges relating to these redundancies, to be accounted for entirely in the fourth quarter of the current year, are estimated at approximately 95 million euros gross.
