Bper Banca reduces the workforce The Board of Directors announces 1,700 voluntary departures

Bper Banca reduces the workforce The Board of Directors announces 1,700 voluntary departures
Bper Banca reduces the workforce The Board of Directors announces 1,700 voluntary departures

Stefano Turcato

Bper Banca cuts 1,700 jobs and at first glance such news can also leave you astonished, especially if you read it without knowing the prerequisites of this decision. And perhaps to better understand this “slimming cure” it would be enough to remember that not so long ago the Modenese bank had suddenly “gotten fat” with the incorporation of the former Ubi Banca branches, with about five thousand new employees from the Lombard institute who were passed into the organic of Bper. Already as part of the 2019-2021 Business Plan, Bper had decided to reduce the workforce then the Ubi Banca operation had brought the number of employees from less than 13 thousand to the current over 18 thousand.

And in this context, the deliberate decision in the Board of Directors yesterday and announced immediately after is grafted. This is the note released by the bank in via San Carlo, in which it says that “a process has been started to optimize the workforce and encourage generational turnover”: “The Bper Banca Board of Directors – it reads – has approved the launch of a path aimed at implementing a generational and professional turnover, together with a reduction in the Group’s workforce, within the framework of the guidelines that will characterize the future Industrial Plan 2022 – 2024 currently being defined. The deliberated interventions, to be implemented by 2024 also through the use of the Solidarity Fund, will make it possible to optimize the workforce by structurally reducing personnel costs. The optimization of the workforce foresees on the one hand the release of about 1,700 resources and on the other an entrance plan. The maneuver, the cost of which is expected to be expensed in the financial statements for the 2021 financial year, will be implemented upon completion of the trade union procedure for the sector and in compliance with current regulations ». Bper points out that the reduction in the workforce will be partly integrated with new hires, yet to be quantified, which will have the objective of “optimizing” the workforce both thanks to the generational turnover with young employees and the arrival of new skills in step with the times.

Basically, from over 18 thousand it will increase to around 16,500 employees, to which new hires will be added yet to be quantified. As always happened, the 1,700 exits must take place without particular trauma through the Solidarity Fund.

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