International Relations

UNICREDIT - INDUSTRIAL PLAN AGREEMENT, SIGNED BY TRADE UNIONS

On 4 February, 2017 the Italian affiliates of UNI Finance,

FABI, FIRST-CISL, FISAC CGIL, UILCA and UNISIN signed an agreement with the banking group UniCredit

on the social impact of its business plan “Transformer”, presented on 13 December 2016.

The main achievements of the agreement are;

    * the 3,900 redundancies will be voluntary and employees will be able to take early retirement up to 54 months
         before they would normally retire, starting from December 2017.
    * UniCredit commits to not declare new redundancies in the next three years
    * 600 fixed term contracts will become permanent ones
    * Creation of new employment: 1,300 new branch jobs will be created in the next three years
    * Payment of a company performance related bonus of 600€ in cash or 800€ if the employee
        chooses to put it into the welfare fund
    * New career path agreement
    * Harmonisation of health assistance contributions between middle management and employees

For the UNI affiliated trade unions, this agreement is a tool to overcome this difficult period for the banking group and opens the window to collective negotiations to acquire important rights for all UniCredit employees in Italy.

The official Trade Union communication about the agreement (in Italian) can be found in the related files section below.