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Sunday, November 01, 2015

UniCredit's new business plan envisages 12,000 layoffs: source

http://mobile.reuters.com/article/idUSKCN0SO2HB20151030

MILAN (Reuters) - UniCredit's (CRDI.MI) new business plan envisages 12,000 job cuts worldwide, a source close to the matter said on Friday, indicating a larger reduction compared with 10,000 layoffs that had been expected.

UniCredit will reduce its Italian workforce by 3,500 jobs, including 2,700 cuts already planned but not fully implemented, according to two other sources.

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