Italy's BPER strikes deal with unions on 800 voluntary exits, 650 hires

Banca Popolare Di Sondrio SpA

19/12/2025 10:41

MILAN, Dec 19 (Reuters) - Italy's fourth-largest bank BPER EMII.MI has agreed with unions 800 voluntary exits and 650 new hires by 2028 as part of a generational turnover plan, unions said on Friday.

The redundancies will extend to Banca Popolare di Sondrio BPSI.MI, in which BPER bought an 80% stake in July, with plans to complete a merger by April 2026, unions said.

"The new agreement on redundancies and recruitment is positive, as it ensures a generational turnover of 83.25%," the Uilca union said in a statement.

The rate is higher than in previous similar agreements in the Italian banking sector.

 (Reporting by Gianluca Semeraro, editing by Alvise Armellini)

 ((gianluca.semeraro@tr.com; +39 06 80 307 741;))