Italian banking company UniCredit has signed a ‘Youth Plan’ with the trade unions to recruit nearly 550 young people with permanent contracts or as apprentices.
The new positions will form a part of a generational turnover to fulfil the bank’s operational and development requirements.
The new staffs are scheduled to join UniCredit after the completion of the voluntary exit process of the current employees, who agreed to leave the company through an expansive appeal to the Solidarity Fund with incentives for resources without pension rights.
Agreements to these incentives will be collected among current staff in the first quarter of this year.
Recourse to the Solidarity Fund will be carried out under the agreed conditions defined with the workers’ union representatives on 4 February 2017.
The opportunity will be available for those employees who fulfil the legal requirements for retirement by 1 December, 2023 and thereafter to other workers who meet the requirements in the period between 1 January and 1 June 2024.
By recruiting 550 new people, the company expects to improve its productivity and profitability.
From 2014- 2016, UniCredit employed more than 1,500 people while an additional 1,300 recruitments are expected to be carried out between 2017 and 2019.