BNP Paribas Italy is unveiling a bold new strategy in November, focused on boosting corporate investment banking and targeting large clients—with ambitious return goals and cost controls. But amid the financial push, unions are pushing back to ensure worker protections aren’t sacrificed. While the bank insists it’s not shrinking its Italian footprint, employee numbers have plummeted faster here than anywhere else in Europe—down by a fifth since 2018, while the rest of Europe saw only a 7% drop. Union rep Gianluca Ceriani, representing 130,000 staff across Europe, is demanding that financial ambition be matched with workforce security. Negotiations are ongoing as the bank balances growth with job stability.
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