Italy’s biggest bank, UniCredit, is considering making 10,000 staff redundant according to a new strategic plan that will be presented in December, Bloomberg News reported Monday, citing persons close to the situation.
It is also planning a 10% cut in operational costs, the agency said.
The cuts are still being reviewed and may be much lower, it said.
Banking trade union FABI General Secretary Lando Sileoni told ANSA “a message to Jean-Pierre Mustier, UniCredit CEO: if these rumours were confirmed this time we’ll have a punch-up and if we need to we’ll use other means”
Via ANSA /Bloomberg
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