Ubi Banca and the trade unions have signed an agreement on the new phase of the voluntary redundancy plan defined as part of the institute's 2019/20 business plan, updated with the acquisition of the 3 banks which took place in May 2017.
Thanks to this agreement, a further 215 applications for entry to the Sector Solidarity Fund are accepted, already presented during the previous redundancy plan, activated with the agreement of 26/10/2017, which had registered higher requests for voluntary redundancy to those admitted in the first phase of the plan.
Furthermore, also in the face of the recent regulatory changes on pensions (including the 100 share), the possibility of leaving a further 80 resources has been envisaged, with direct access to the INPS pension as early as May of this year. The related charges, equal to approximately 64 million euros gross, will be recognized in the results in the first quarter of 2019.
“The resulting cost synergies are estimated at 19 million euros per year starting from 2019”, explains the Bank.
Furthermore, "the generational change related to the exodus initiative continues, which will allow, also in support of youth employment, the entry of around 100 new resources by 2020".
