Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Leonardo agrees early retirement, new hirings deal with Italian unions

Published 12/21/2022, 12:39 PM
Updated 12/21/2022, 12:40 PM
© Reuters. FILE PHOTO: The logo of defence group Leonardo in Geneva, Switzerland, May 22, 2017.  REUTERS/Denis Balibouse/File Photo

ROME (Reuters) - Defence and aerospace group Leonardo said on Wednesday it had struck a deal with Italian trade unions for the early retirement of 400 of its staff during 2023-2024, to be offset by around 600 new hirings over the same period.

The early retirement option will be made available, on a voluntary basis, to employees who qualify for retirement by no later than Nov. 30, 2028, the company said in a statement.

Meanwhile, hirings "will bring new talents aboard the Leonardo community to help face the challenges of digitisation and development of distinctive technologies and production processes," Antonio Liotti, Leonardo's Chief People & Organisation Officer, said.

At the end of last year, Leonardo had around 31,600 employees in Italy, accounting for just under two-thirds of its global workforce, according to company data.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.