ROME Dec 22 BNP Paribas has reached an
agreement with Italian unions to cut 573 retail banking jobs in
net terms as part of a 2017-2020 strategic plan to be announced
The agreement will cut 853 jobs, of which 100 would come
from layoffs and 683 as part of a voluntary redundancy
programme, a joint statement from BNL unions showed on Thursday.
BNP also plans 280 recruitments.
Banca Nazionale del Lavoro (BNL), the Italian unit of BNP
Paribas, and another unit, BPI (Business Partner Italia), which
are at the center of the plan, employ around 13,190 staff