Published by Global Banking & Finance Review®
Posted on June 26, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleAmundi's Italian unit and unions agree on a layoff plan for 50 jobs, offering early retirement incentives and reassignments.
MILAN (Reuters) -Union representatives at the Italian arm of France's Amundi, Europe's biggest asset manager, said on Thursday they had reached an accord with the company over layoffs.
The accord to cut 50 jobs in Italy entails incentives for early retirement and voluntary exits as well as reassignments within Amundi or its parent Credit Agricole group, unions First Cisl, Cgil FISAC and UNISIN said in a statement.
Gianluca Ceriani, UNISIN-CONFSAL head for the Lombardy region, said the accord contained a safeguard clause, including for executives, that any further potential headcount reduction would be managed in accord with unions by using the legal tools envisaged by the national contract for the industry.
(Reporting by Valentina ZaEditing by Keith Weir)
Amundi's Italian unit reached an accord with unions to cut 50 jobs, which includes incentives for early retirement and voluntary exits.
The agreement entails job cuts, incentives for early retirement, voluntary exits, and potential reassignments within Amundi or its parent company, Credit Agricole.
Yes, the accord includes a safeguard clause that ensures any further potential headcount reductions would be managed in a way that protects employees, including executives.
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