Mps, the opening on bank overruns –

The requests of the bankers of the Monte dei Paschi they will be indulged. The 4,125 applications for early exit with the Solidarity Fund, 625 more than the 3,500 that had been foreseen and budgeted in the first industrial plan of the Lovaglio era, are about to arrive on the launch pad.

As Il Sole 24 Ore writes, although some steps are still missing, the bank made a clear opening, as emerged in the meeting between the CEO Luigi Lovaglio and the trade unions (Fabi, First Cisl, Fisac ​​Cgil, Uilca and Unisin). In a unitary note, the five acronyms explained that Lovaglio “expressed a positive orientation with regard to trade union requests”.

As regards the technical steps, the capital increase is in first place because over a third of the 2.5 billion will be used to support voluntary early exits through the Solidarity Fund.

Now, however, to make everything fit together, we need to put more resources than the capital increase for exits and above all be quick. In fact, times are tight, given that workers are given the opportunity to anticipate their retirement by 7 years, but only if the termination of the employment relationship takes place by 30 November. There are workers’ demands, but there is still a lack of capital increase, board approval and trade union agreement.

At the end of the meeting with the unions, the bank communicated “the desire to start the administrative regularization process towards all the colleagues proposing the application”, explained the unions. If all goes well, the rationalization of the workforce will have an even greater weight than expected and the workers of Monte will go from 31,200 of 10 years ago to 17 thousand, after more than 4 thousand exits.

Meanwhile, yesterday for Banca Mps was a new session in decline in Piazza Affari, with the shares that have sold 2.01% to 1.95 euros, while the shares have recorded a new collapse of 76.2% to 0.2 EUR.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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