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

On 16 December 2016, on the occasion of the second plenary meeting of the year, the UniCredit European Works Council read and handed the below declaration to the CEO Mr. J.P.Mustier and Global HR manager Mr. Cornetta.

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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

The original document can be downloaded from this article.