Best News Network

Staff at BNP’s Italian bank stage first strike since 1990s By Reuters


© Reuters. FILE PHOTO: The logo of BNL (Bnp group Paribas) bank is seen in Naples, Italy February 22, 2016. Reuters/Tony Gentile

(This December 27 story corrects number of job cuts to 900 not 90)

MILAN (Reuters) – Workers at BNL, the Italian arm of French banking group BNP Paribas (OTC:), went on strike for the first time since the 1990s on Monday in protest at back office and IT staff cuts.

Italian banking unions said the strike was “a great success”, adding that take-up had been solid.

“The bank’s internal offices were completely deserted and remained closed as did most branches,” Fabi, First-Cisl, Fisac-Cgil, Uilca and Unisin said in a joint statement.

BNL said that 29.8% of its employees joined the strike.

“In such context, which is also characterised by year-end holidays, BNL has nevertheless ensured business continuity by strengthening the digital channel to support the physical channel” it said in a statement.

Workers are protesting against BNL’s decision to use external providers for IT and back office services, a move that unions said affects 900 out of a total of 11,500 BNL employees in its central offices and around 700 branches across Italy.

Unions have also voiced grievances about BNL’s sale to Worldline of an 80% stake in its card payment processing business Axepta Italy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.