MILAN , August 18 (Reuters) – Banca Popolare dell’Emilia Romagna has reached an agreement with unions to manage a total of 1,088 redundancies, including through early retirements and incentives, the plan industrial place 2015-2017.
A note states that the institute, compared to over a thousand redundancies, the use of early retirement and retirement plans, about 200 recruitment of specialized profiles and the relocation of 507 employees, “will limit the reduction to 581 units of total staff at the end of the plan.”
The agreement reached, the statement added, will achieve the objectives of the the plan, including the “structural reduction in personnel costs”, which compared with an estimated one-time cost for 2015 of about 62 million euro gross of tax effects, “will allow annual savings for 2017 of 56 million compared to the cost that would be expected inertial the same date. “
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