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EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure IT-2020-14/646 – measures in Italy

Agreement on the anticipation by banks of wage subsidies measures ex-COVID-19

Convenzione in tema di anticipazione sociale in favore dei lavoratori destinatari di integrazione al reddito ex Covid-19

Country Italy , applies nationwide
Time period Temporary, 30 March 2020 – 31 December 2020
Context COVID-19
Type Other initiatives or policies
Category Employment protection and retention
– Income support for people in employment (e.g., short-time work)
Author Lisa Dorigatti (University of Milan) and Eurofound
Measure added 15 April 2020 (updated 03 May 2020)
Related ERM support instrument

Background information

An agreement between the social partners and the Italian Banking Association was signed on the 30 March 2020 concerning the anticipation by banks of income integration measures (CIGO, CID and FIS) for workers temporary suspended from work due to the COVID-19 emergency. This agreement, in force until 31 December 2020, aims at supporting workers waiting for the payment of income support measures by the National Social Security Institute (INPS).

Content of measure

An agreement between the social partners and the Italian Banking Association was signed on the 30 March 2020 concerning the anticipation by banks of income integration measures (CIGO, CID and FIS) for workers temporary suspended from work due to the COVID-19 emergency. This agreement, in force until 31 December 2020, it aims at supporting workers waiting for the payment of income support measures by the National Social Security Institute (INPS). The advance payment of the allowance due will take place by opening credit in a special current account, if requested by the Bank, for a flat rate overall amounting to €1,400, based on nine weeks of zero-hour suspension (proportionally reduced in case of shorter duration), to be re-proportioned in case of a part-time relationship.

Use of measure

No information available.

Target groups

Workers Businesses Citizens
Employees in standard employment
Does not apply to businesses Does not apply to citizens

Actors and funding

Actors Funding
Trade unions
Employers' organisations
Other social actors (e.g. NGOs)
Other

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Agreed (outcome) incl. social partner initiative Agreed (outcome) incl. social partner initiative
Form Consultation through tripartite or bipartite social dialogue bodies Consultation through tripartite or bipartite social dialogue bodies

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Peak or cross-sectoral level

Involvement

The agreement was signed between the major trade unions and employer associations and the Italian Banking Association, under the auspices of the Ministry of Work and Social Policies.

Views and reactions

Unknown.

Sources

  • 30 March 2020: CONVENZIONE IN TEMA DI ANTICIPAZIONE SOCIALE IN FAVORE DEI LAVORATORI DESTINATARI DEI TRATTAMENTI DI INTEGRAZIONE AL REDDITO (www.abi.it)

Citation

Eurofound (2020), Agreement on the anticipation by banks of wage subsidies measures ex-COVID-19, measure IT-2020-14/646 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2020-14_646.html

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