Share Name Share Symbol Market Type
Ubi Banca BIT:UBI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 3.592 3.414 3.422 0.00 00:00:00

Intesa Sanpaolo, Unions Reach Agreement for 5,000 Voluntary Exits, 2,500 New Hires

30/09/2020 1:09pm

Dow Jones News

Ubi Banca (BIT:UBI)
Historical Stock Chart

From Jul 2020 to Jan 2021

Click Here for more Ubi Banca Charts.
   By Pietro Lombardi 

Intesa Sanpaolo SpA has reached an agreement with Italian unions over 5,000 voluntary exits and 2,500 new hires in coming years as part of the integration of Unione di Banche Italiane SpA.

The exits will be on voluntary basis and will consist of retirements and early retirements, Italian union Federazione Autonoma Bancari Italiani said Wednesday. They will take place between 2021 and 2023, it said.

Under the agreement, 2,500 young people will be hired by the end of 2023.

In July, Intesa Sanpaolo secured investor support to take over UBI Banca. The merger will create Italy's largest bank by assets and the eurozone's second-biggest by market capitalization.


Write to Pietro Lombardi at; @pietrolombard10


(END) Dow Jones Newswires

September 30, 2020 07:54 ET (11:54 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

1 Year Ubi Banca Chart

1 Year Ubi Banca Chart

1 Month Ubi Banca Chart

1 Month Ubi Banca Chart
ADVFN Advertorial
Your Recent History
Ubi Banca
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210119 04:39:18