Job

UniCredit, agreement with trade unions for 1,130 hirings and as many exits

The bank has reopened the Solidarity Fund and will hire new graduates under 30 with apprenticeship contracts aimed at stable employment

by Cristina Casadei

20 April 2026

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

UniCredit is preparing for a new generational relay involving the hiring of one young person for every exit. The bank led by Andrea Orcel has in fact reached an agreement with the trade unions (Fabi, First, Fisac, Uilca and Unisin) that envisages that all 1,130 UniCredit workers who will accrue the pension requirements by 1 May 2032 will be able to access, on a voluntary basis and with incentives, direct retirement or the Redundancy Fund. As the exits take place, 1,085 new graduates under 30 will be hired with professional apprenticeship contracts. The new hires will strengthen the sales network to support the group's organic growth, according to a note by the Fabi autonomous workers.

The agreement takes into account the Abi protocol on gender-based violence and provides for an additional 45 hires dedicated to women victims of violence and/or their children.

This will result in 1,130 recruitments, with a replacement rate of 100 per cent.

In the end, as Ilaria Dalla Riva, Head of People & Culture Italia and COO Italia at UniCredit, explains, 'through constant and constructive dialogue we have reached an agreement that concretely testifies to the way we take care of our people and the constant investments we are making in our commercial network and branches, key elements to ensure closeness to territories and customers, quality of service and sustainable development'.

The topic of meal vouchers for part-timers, which were raised to EUR 7.5 from 1 January 2027, also found its way into the discussion.

For Stefano Cefaloni, Fabi coordinator of UniCredit, "the agreement reached represents a very important result: we are guaranteeing real generational turnover, with a one-to-one ratio between exits and new hires. This is a concrete sign of attention to young people and to the future of the group, which confirms the value of bargaining and the central role of the union in protecting employment and developing new quality jobs". "After a stalemate, due to different visions between the company and the unions on the replacement rate between voluntary departures and hirings," adds Rosario Mingoia of Uilca, "a difficult negotiation on yet another redundancy plan of the UniCredit group has come to an end. As Uilca we will not allow discounts on the replacement rate. From now on we will work to improve the system of professional growth and overall welfare'. For Sabrina Brezzo of First Cisl, 'the commitment to agreements that guarantee both the voluntary nature of exits and the correct generational replacement has been confirmed. The balance of the 1 to 1 ratio ensures many and many young people a good and stable job and their entry allows us to better manage workloads'. Riccardo Sanna of Fisac CGIL speaks of a double record: "100% generational turnover, with 1,130 new hires, and the highest number of hirings of women victims of violence. This is a very important result that confirms the value of bargaining in governing the transformation processes of the sector, with the value of work and the centrality of the person as the guiding points'.