As it prepares for a major restructuring through 2030, BNP Paribas is negotiating with labor unions in Italy over measures to protect employees during the transition. Union representatives are seeking guarantees against outsourcing, job losses, and deteriorating working conditions as the bank shifts its focus toward corporate and private banking while pursuing greater efficiency. Although the company has said it does not plan to reduce its presence in Italy, unions point to a steady decline in staffing levels over recent years. The negotiations illustrate how collective bargaining can help safeguard workers' interests during periods of significant organizational change.
See "BNP Paribas Italy in talks with unions over workers' protections in planned overhaul", Reuters Staff, Reuters, July 22, 2026