Industrial Relations2
UniCredit has a strong European identity. Thus, our Group workers may be represented by trade Unions,
works councils or other representatives as relevant the industrial relations systems are strictly linked to
their cultural environments and specific national labor laws. This model consists of different levels: the
national level, in compliance with labor laws and industrial relations systems is closely connected to the
local political and cultural traditions of each country; and the European and the Group levels, where the
UniCredit European Works Council (UEWC) operates.
Founded in 2007 thanks to the determination of Local, Group HR and employee representatives, the
UniCredit European Works Council (UEWC) is a governance body that is established to guarantee information
and consultation rights of employees. It is currently acknowledged as being one of the finest such
organizations in Europe.
In 2012, UEWC key initiatives included:
• two EWC general meetings, held with the participation of top management in attendance (e.g., CEO, COO,
General Manager, Head of HR, Chief Risk Officer, Head of Planning, Strategy and Capital Management, Head
of Group Identity & Communications). At these meetings, primary transnational strategies, decisions and
plans were presented, shared and discussed with EWC members. These meetings improved employees’
understanding of the reasons behind management’s Group-level strategic decisions
• mandatory training of UEWC members. The Second Ordinary meeting of the year was the time when the
European Works Council members of the second four year mandate, had received mandatory training, as
required by the UEWC Founding Agreement. During this three-day event, UEWC members participated in a
dedicated training workshop that featured presentations by important Italian academics and a representative
from the UNI Global Union. Their presentations addressed EWC members’ rights and obligations, labor and
social changes towards a modern Industrial Relations framework, the development of partnerships between
companies and European Works Councils in the actual European scenario, and a number of other topics
• three Select Committee meetings. This committee represents UEWC’s primary point of contact with Group,
where it receives information and communicate with top management on behalf of the UEWC during these
meetings. Moreover, it ensures that there is a continuous flow of information among all UEWC members
2. This data is drawn from the following subset of Group entities unless stated otherwise:
Italy: Fineco Bank SpA, Pioneer Alternative Investment Management SGRPA, Pioneer Global Asset Management SpA, Pioneer Investment
Management SGRPA, UniCredit Business Integrated Solutions ScpA, UniCredit SpA
Germany: UniCredit Bank AG, UniCredit Business Integrated Solutions ScpA, UniCredit Global Business Services GmbH
Austria: UniCredit Bank Austria AG, UniCredit Business Integrated Solutions Austria GmbH
Poland: Bank Pekao SA, UniCredit Business Integrated Solutions ScpA, UniCredit Business Integrated Solutions Austria GmbH
Bosnia and Herzegovina: Unicredit Bank DD, UniCredit Bank AD Banja Luka
Bulgaria: UniCredit Bulbank AD
Croatia: Zagrebačka Banka DD
Czech Republic: UniCredit Bank Czech Republic As, UniCredit Business Integrated Solutions ScpA, UniCredit Business Partner sro
Hungary: UniCredit Bank Hungary Zrt, UniCredit Business Integrated Solutions ScpA
Kazakhstan: JSC ATF Bank
Romania: UniCredit Ţiriac Bank SA, UniCredit Business Integrated Solutions SCpA, UniCredit Business Integrated Solutions Austria GmbH
Russia: ZAO UniCredit Bank
Serbia: UniCredit Bank Serbia Jsc
Slovakia: UniCredit Bank Slovakia AS, UniCredit Business Integrated Solutions ScpA
Slovenia: UniCredit Banka Slovenija dd
Ukraine: UniCredit Bank LTD, Public Joint Stock Company Ukrsotsbank
UniCredit · 2012 Sustainability Report 29