Wednesday, October 26, 2016

Banca Popolare Vicenza, Mion: up to 1,500 redundancies in the structural – Sun 24 Hours

For the Banca Popolare di Vicenza there is a problem with the redundancies, which are measurable in the 1300-1500 units. He said the president Gianni Mion, today on the sidelines of the presentation of the placement of Avio. “Today, there is the cda – mentioned, there are three priorities: first the table of conciliation, according to the action of responsibility, and then the floor. We have to convince the trade unions that we have these redundancies, for which we must find a solution, is an important number, 1.300-1.500″.

“Unfortunately,” remember – it is not possible to use the redundancy fund for banking of the Government. It is a redundant structural, is not a temporary thing. We made the mistake of saying it immediately, but we are not in a condition to wait.” The Banca Popolare di Vicenza has about five thousand employees. The



Popolare di Vicenza aims at an alliance

the industrial plan of the bank “we hope to do that in the next two months,” he pointed out Mion. To those who wondered if the recapitalisation carried out by the Atlas would suffice, the manager explained that “in order to revive the bank, we need money for sure. How many? I will say the plan”. At the moment, however, no contacts were established with new investors because “before, it is in the plan.

Mion explained that the first thing will be to recover the trust in the bank, which in recent months has seen a flight of deposits, which only now is returning. “They all talk about confidence, but it will take time to recover it”. In this sense, a crucial step will be that of the industrial plan: “In the plan we will understand what are the needs, what you can do with the Atlas, what can they do other members.” Other members in view, however, there are why “according to me it would be lost time to look for them now, first you need to solve the problems, and in particular that of cost, that of the new size of the bank, then we’ll see,” added Mion.

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