Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Banking

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

Published by Uma Rajagopal

Posted on December 20, 2024

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google

Image related to Banco BPM's agreement on new hirings and retirements - Global Banking & Finance Review — This image illustrates Banco BPM's recent agreement with trade unions for 550 new hirings and 1,100 voluntary early retirements, highlighting key developments in the Italian banking sector.

Appointment job creation financial community employment opportunities

Global Banking & Finance Awards 2026 — Call for Entries

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)

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)

Frequently Asked Questions

What is early retirement?

Early retirement refers to the option for employees to leave the workforce before the standard retirement age, often incentivized by financial packages or agreements with their employer.

What are voluntary retirements?

Voluntary retirements occur when employees choose to retire from their positions, typically under terms that may include financial incentives or benefits provided by their employer.

What is a trade union?

A trade union is an organization of workers that aims to protect their rights and interests, negotiate wages, working conditions, and other employment-related matters with employers.

More from Banking

Explore more articles in the Banking category

Global Banking & Finance Review® Awards 2026: Fidelity Bank Named Fastest Growing SME Bank Nigeria 2026

Ecobank Wins Best Customer Service - Banking Sierra Leone 2026 at Global Banking & Finance Review Awards®

Global Banking & Finance Review® Awards 2026: Chip Mong Commercial Bank Achieves Dual Recognition

Global Banking & Finance Review® Awards: Bank Windhoek Wins Banking Brand of the Year Namibia 2026

Global Banking & Finance Review® Awards 2026: Bank of Kigali Wins Best Bank for Digital Banking Services Rwanda 2026

Bahrain Development Bank Secures Triple Triumph at Global Banking & Finance Review® Awards 2026

Image for Global Banking & Finance Review® Awards 2026: Access Bank Zambia Secures Triple Honours for Excellence in Talent Development, Remittance, and Risk Management

Global Banking & Finance Review® Awards 2026: Access Bank Zambia Secures Triple Honours for Excellence in Talent Development, Remittance, and Risk Management

Access Bank (Rwanda) Plc Named Best Remittance Bank Rwanda 2026 at Global Banking & Finance Review® Awards 2026

Absa Bank Tanzania Wins Dual Honours at Global Banking & Finance Review® Awards 2026

Global Banking & Finance Review® Awards 2026: Wing Bank (Cambodia) Plc Wins Dual Honours

Suez Canal Bank Wins Dual Honours at Global Banking & Finance Review® Awards 2026

Banking Leaders Worldwide Set to Converge as Transformation Becomes Mission Critical

View All Banking Posts

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

Frequently Asked Questions

Tags

Related Articles

Global Banking & Finance Review® Awards: Anuj Mediratta, Gulf African Bank Named Best Islamic Banking CEO in Kenya 2026

Global Banking & Finance Review® Awards: Mr. Hasan Asadullozoda of OJSC Oriyonbonk Honoured as Best Banking Chairman Tajikistan 2026

Global Banking & Finance Review® Awards 2026: Moza Banco Wins Triple Honours Across CSR, HR & Recruitment, and Technology

Land Bank of the Philippines Wins Multiple Awards at Global Banking & Finance Review® Awards 2026

Jordan Kuwait Bank Named Best CSR Bank Jordan 2026 by Global Banking & Finance Review®

Global Banking & Finance Review® Awards 2026: HDBank Named Best SME Bank Vietnam 2026

More from Banking