Finance
Italy's BPER strikes deal with unions on 800 voluntary exits, 650 hires
Published by Global Banking & Finance Review®
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
BPER Bank in Italy plans 800 voluntary exits and 650 hires by 2028, including Banca Popolare di Sondrio, aiming for a generational turnover.
MILAN, Dec 19 (Reuters) - Italy's fourth-largest bank BPER has agreed with unions 800 voluntary exits and 650 new hires by 2028 as part of a generational turnover plan, unions said on Friday.
The redundancies will extend to Banca Popolare di Sondrio, in which BPER bought an 80% stake in July, with plans to complete a merger by April 2026, unions said.
"The new agreement on redundancies and recruitment is positive, as it ensures a generational turnover of 83.25%," the Uilca union said in a statement.
The rate is higher than in previous similar agreements in the Italian banking sector.
(Reporting by Gianluca Semeraro, editing by Alvise Armellini)
A voluntary exit refers to an employee's decision to leave a company, often as part of a structured program that may include severance packages or retirement options.
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness and efficiency.
Generational turnover refers to the process of replacing older employees with younger ones, ensuring the workforce remains dynamic and innovative.
A stake in a company represents ownership interest, usually measured in shares, which gives the holder a claim on the company's assets and earnings.
A union is an organized group of workers that come together to make decisions about the workplace, often focusing on issues like wages, benefits, and working conditions.
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