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Banca Popolare dell Emilia Romagna Sc Announces Implementation of Framework Agreement

Tuesday, 9 Apr 2013 10:40am EDT 

Banca Popolare dell Emilia Romagna Sc announced that it has completed the process of verifying, together with the Trade Unions, the Personnel Manoeuvre included in the Group Framework Agreement signed on September 15, 2012 to simplify the Group's organization and reduce overall operating costs in a structural manner. The main objective of the agreement was to reduce the workforce by 450 people, through voluntary application to join the redundancy incentive plan and access to the banking sector's Solidarity Fund for income support. In order to support the generation change, in the event of this limit being exceeded, a plan to hire new staff was also agreed. The number of applications received during the period laid down in the Agreement led to this target figure being exceeded: against higher redundancies, the Company will hire 49 other resources, in addition to the 145 already hired since the beginning of the Business Plan. 

Company Quote

-0.02 -0.32%
11:38am EDT