Work: ABI, 1.664 new hires with the Employment Fund

The updated data of the Fund to facilitate stable employment, especially for young people, in the banking world: hiring for over 195 million financed without any burden on public accounts

The activity of the Employment Fund (FOC) continues in this emergency phase that is affecting the whole country and on 5 May the FOC Management Committee - which met in a video conference - approved the financing of a further 1.664 hires / permanent stabilization by companies in the banking sector.

This highly positive experience in the banking sector is therefore consolidated thanks to a bilateral "tool" at the forefront of active employment policies, with particular attention to young people and with significant social value.

For this reason, the ABI and the trade union organizations, with the agreement of 19 December 2019 for the renewal of the CCNL, extended its operations until 31 December 2022, enhancing the services to encourage hiring / stabilization in the regions of the South and establishing a special Joint working group to evaluate any further adjustments.

This is in order to make an instrument more and more effective and efficient which, from 2012 to today, has financed, between hiring and stabilization, over 25 thousand requests for services, submitted by 267 companies in the sector, for a total expenditure commitment of over 195 millions of euros. It should be noted that 2019 applications were approved only for hiring in 3.260, recording the highest annual number since the start of operations of the Fund.

57% of the total hires involved female staff and 43% men.

Abi also highlights the positive results achieved with the new services introduced with the 2018 agreement, which were also confirmed until 31 December 2022. On the basis of the applications received, the following spending commitments were approved:

  • € 000 for bonuses for the hiring of workers who are beneficiaries of the Solidarity Fund's Emergency Benefit;
  • 313.000 euros as income support at the end of the perception period of the Solidarity Fund's emergency section;
  • 384.000 euros for training in the event of professional conversion and retraining;
  • 347.000 euros to encourage the implementation of Pathways for Transversal Skills and Orientation (ex school-work alternation) by banking companies.

Work: ABI, 1.664 new hires with the Employment Fund