December 18, 2017 / 5:41 PM / a year ago

Banca Carige reaches deal with trade unions over layoffs

MILAN, Dec 18 (Reuters) - Italian regional lender Banca Carige said on Monday it had reached a deal with trade unions over layoffs for 2017-2020.

* Under the deal, the bank will draw financial resources from the banking sector solidarity fund to help pay the costs for 490 voluntary redundancies.

* These redundancies and early retirements already decided will allow the bank to manage expected layoffs, Banca Carige said in a statement. (Reporting by Francesca Landini)

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