UniCredit Considering Thousands of Job Cuts -Bloomberg
July 22 2019 - 9:19AM
Dow Jones News
--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
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(END) Dow Jones Newswires
July 22, 2019 09:04 ET (13:04 GMT)
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