Unicredit German unit to take significant portion of job cuts under new plan
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© Reuters. FILEPHOTO: The UniCredit logo was seen downtown Rome, May 10, 2016. REUTERS/Tony Gentile/File PhotoMILAN (Reuters) – UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said.
Bloomberg News reported earlier on Friday half of the expected job cuts would hit the group’s German operations.
UniCredit will announce a new business plan Dec. 9
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