UniCredit Considering Thousands of Job Cuts -Bloomberg

Date : 07/22/2019 @ 2:19PM
Source : Dow Jones News
Stock : Unicredito Spa (PC) (UNCFF)
Quote : 10.04  0.0 (0.00%) @ 4:35PM

UniCredit Considering Thousands of Job Cuts -Bloomberg

Unicredito Spa (PC) (USOTC:UNCFF)
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--UniCredit is weighing up as many as 10,000 job cuts and the reduction of other operating costs by as much as 10% as part of its new strategic plan to be unveiled in December, Bloomberg reports citing people familiar with the matter.

--The Italian lender is still reviewing the final numbers, which could be much lower. The dismissals will involve workers in Italy and other countries.

--UniCredit declined to comment on the matter.

 

Full story: https://bloom.bg/2Y5X9HX

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

July 22, 2019 09:04 ET (13:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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