THREE-YEAR BUSINESS PLAN: THE UNICREDIT EUROPEAN WORKS COUNCIL CALLS FOR MORE CERTAINTY

THREE-YEAR BUSINESS PLAN:  THE UNICREDIT EUROPEAN WORKS COUNCIL

CALLS FOR MORE CERTAINTY

A sustainable implementation of the UniCredit three-year plan should not exclusively safeguard the interests of the market and of the shareholders, but rather protect employees. Therefore the UEWC calls for:

• A Social Plan with minimum standards should be developed through social dialogue at national level for all countries affected by job cuts. Such minimum standard should be:

• no unilaterally decided lay-offs
• staff redeployment before lay-offs
• minimum one year vocation training for possible alternative positions before lay-offs
• minimum severance pay in line with age, salary, seniority and social condition

• All operations should be maintained in all countries
• Neither outsourcing nor disposal of companies/business units should take place
• Employees who stay should not take the burden of the implemented measures.  Personnel cuts should take place only after proper implementation of organizational and IT measures rather than before
• Investments should be made in areas that support the business
• Headcounts trends should:

• be country specific
• have a specific timeframe with starting and end date

• Monitoring: results of the envisaged measures should be disseminated to the UEWC and country by country to works councils/trade unions in a transparent manner and via the most suitable tools
• Timely start of the negotiation among Unicredit, on a side, and UEWC and UNI, on the other side, for the development of a  “Global Framework Agreement” for the Unicredit Group

Milan, December 15, 2016

UNICREDIT EUROPEAN WORKS COUNCIL