ROME, Dec 31 (Reuters) – Italy’s second-biggest bank UniCredit has signed an agreement with banking union FABI and other trade unions to manage staff turnover through voluntary exits and new hires, FABI said in a statement.
Under the deal, signed late on Monday, all 484 employees currently suspended under early retirement schemes until 2031 will be able to access the sector’s redundancy fund on a voluntary and incentivised basis.
The bank will also hire 436 young people under 30 on professional apprenticeships leading to permanent contracts, mainly for its commercial network.
In addition, UniCredit will recruit an extra 4% of staff annually between 2026 and 2028 under an industry protocol aimed at supporting women victims of violence. This will bring total new hires to 494, exceeding the number of voluntary exits and resulting in a 102% replacement rate, the union added.
“The agreement not only ensures an effective voluntary and incentivised exit process but also delivers significant new employment opportunities,” said Stefano Cefaloni, Fabi’s coordinator at UniCredit.
UniCredit ranks among the sector’s best performers in terms of the ratio between new hires and departures, Cefaloni said.
(Reporting by Giselda Vagnoni, Editing by Louise Heavens)
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