In a statement, the FABI stated that second largest bank in Italy, UniCredit, has entered a deal with the banking union FABI and other trade unions to contain staff turnover by using voluntary exits and new hires.
Under the deal, the 484 employees who are currently suspended under early retirement schemes until 2031 will have access to the sector redundancy fund on voluntary and incentivised terms, signed late on Monday.
The bank will also recruit 436 young individuals under 30 on professional apprenticeships to permanent contracts, primarily to work in its commercial network.
Moreover, UniCredit will hire an additional 4 percent of employees per year in the period between 2026 and 2028 as part of an industry agreement to help women affected by violence.
The union reported that this will increase the total new hires to 494, which is more than the voluntary exits, and will lead to a replacement rate of 102 percent.
Fabi’s coordinator at UniCredit, Stefano Cefaloni, said, “The agreement not only ensures an effective voluntary and incentivised exit process but also delivers significant new employment opportunities.”
Cefaloni added that UniCredit tops among the sector’s best performers in terms of the ratio between new hires and departures.
