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.

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

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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

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.

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

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