Italy's UniCredit agrees 5,200 voluntary layoffs, 2,600 hirings: unions

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“The agreement reached today puts an end to all ideas about redundancies at UniCredit,” unions FABI, FIRST CISL, CGIL FISAC, UILCA and UNISIN said in a joint statement.

“We’ve managed to reduce layoffs under the plan from 6,000 to 5,200, all of which are on a voluntary basis and with incentives, and 2,600 young people will be hired,” they said, confirming figures reported by Reuters on Wednesday.

“It’s a message of enormous social value … for this country’s unemployed youth.”