trending Market Intelligence /marketintelligence/en/news-insights/trending/lFpMrFCy7B8Fw0NqTtiRxQ2 content esgSubNav
In This List

Banca Carige reaches agreement with trade unions on layoffs

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Banca Carige reaches agreement with trade unions on layoffs

Banca Carige SpA said it reached an agreement with trade unions Fabi, First Cisl, Fisac Cgil, Uilca and Unisin on how to address layoffs arising from the Italian lender's 2017-2020 business plan.

Under the agreement, Carige will tap the banking sector solidarity allowance mechanism to help pay the costs for 490 voluntary redundancies. The move, in addition to confirmed retirement incentives, will allow Carige to manage expected staff redundancies, the bank said Dec. 18.

Other labor cost-cutting measures were also agreed upon, Carige noted.