Intesa signs accord with unions for 2,000 early staff exits, 1,100 new hires

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FABI said the exits would be voluntary, giving employees the option to retire early and the new hires will have a permanent contract.

“We took early action before the new plan where we think digitalisation will play an important role,” FABI secretary general Giuseppe Milazzo said in a statement.

Intesa merged with smaller rival UBI last year to create Italy’s top bank.