EMCC European Monitoring Centre on Change

Banca Popolare di Bergamo (Bpb Spa)

Company/Organisation:
Banca Popolare di Bergamo (Bpb Spa)

Geographic Location

Country: Italy
Region: Lombardia; Nord Ovest

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed: 1289

Employment Effects

Announcement Date: 14-03-2003
Planned Job Reductions min: 231
Planned Job Reductions max: 231
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-07-2003
Foreseen End Date: 01-01-2006

Additional Information

The Banca Popolare di Bergamo will join the group Banche Popolari Unite on the 1st of July 2003. All the 1289 workers will be employed in the new group, but the number of workers will be decreased by 231 unities in three years.