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Finance

Italy's Banco BPM strikes deal with unions on 550 hirings, 1,100 early retirements

Published by Global Banking & Finance Review

Posted on December 19, 2024

1 min read

· Last updated: January 27, 2026

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MILAN (Reuters) - Italy's Banco BPM has struck a deal with trade unions on 550 new hirings in exchange for 1,110 voluntary early retirements, the FABI banking sector union said on Thursday. (Reporting

Banco BPM and Unions Agree on 550 New Hires, 1,100 Retirements

MILAN (Reuters) - Italy's Banco BPM has struck a deal with trade unions on 550 new hirings in exchange for 1,110 voluntary early retirements, the FABI banking sector union said on Thursday.

(Reporting by Andrea Mandala, writing by Alvise Armellini, editing by Gavin Jones)

Key Takeaways

Banco BPM will hire 550 new employees.
1,100 employees will take early retirement.
The agreement was made with trade unions.
FABI union announced the deal.
This is a significant move in Italy's banking sector.

Frequently Asked Questions

What is the main topic?

The main topic is Banco BPM's agreement with unions for new hirings and early retirements.

What does the agreement entail?

The agreement involves 550 new hires and 1,100 voluntary early retirements.

Who announced the deal?

The FABI banking sector union announced the deal.

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