(Finance) – Intesa Sanpaolo accelerates generational change within the framework of technological transformation and further strengthening the future sustainability of the Group’s results, through 9,000 exits without social impacts, of which 7,000 in Italy and 2,000 in international subsidiariesby 2027, with a resilient business model in the digitalization and artificial intelligence scenario.
As regards theItalyIntesa Sanpaolo has signed with the trade union delegations of the Group of FABI, FIRST CISL, FISAC/CGIL, UILCA and UNISIN, the agreement aimed at allowing a generational change without social impacts.
The agreement identifies the methods and criteria for achieving the objective of 4,000 voluntary exits by 2027, with access to retirement or the Solidarity Fund by the Group’s people. Furthermore, 3,500 permanent hires of young people will be made by June 2028, of which 1,500 as Global Advisor for the commercial activities of the Network to guarantee greater proximity to customers, particularly in Wealth Management & Protection. The hires will be intended to support the growth of the Group and new activities and are added to those already provided for in the Plan of Enterprise 2022-2025, equal to 4,600 by December 2025 compared to the 9,200 exits that will end within the first quarter of 2025.
Furthermore, by 2027, through actions on the natural turnover3,000 departures for Italy and 2,000 net exits for the international subsidiaries, the latter entirely concentrated on the central functions without any impact on the commercial roles.
Overall, they are expected for the Group savings in staff costs when fully operational (from 2028), taking into account the aforementioned assumptions – in the order of 500 million euros per year and charges to be accounted for in the fourth quarter of 2024 in the order, net of taxes, of 350 million euros, which have no impact on the Group’s net profit outlook for 2024 of over 8.5 billion euros already disclosed to the market .