(Alliance News) - BPER Banca Spa announced that it has reached an agreement with the unions that will provide for the exit of 1,000 resources, including through recourse to the industry Solidarity Fund.

Conversely, the bank will hire 500 new employees and stabilize 200 term contracts, "with attention to the territories where the group is present," BPER said. Other agreements concern the evlution of the operating model of the bank's Business area.

BPER Banca Chief Executive Officer Piero Luigi Montani said, "I am very pleased with the agreements reached, which constitute a further piece of the initiatives envisaged in the industrial plan. Among other things, the agreement on workforce optimization will allow the entry of new resources, also in support of youth employment and with a view to generational turnover, to support the various initiatives in commercial, digital, artificial intelligence and control functions."

BPER Bank is in the green by 0.1 percent at EUR3.05 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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