UniCredit to chop 950 jobs in Italy underneath new plan

© Reuters. FILE PHOTO: A UniCredit brand is seen in downtown Rome, Could 10, 2016. REUTERS/Tony Gentile

MILAN (Reuters) – UniCredit is about to chop 950 full-time positions in Italy underneath a brand new plan to the tip of 2024 Italy’s second-biggest financial institution introduced on Thursday, unions mentioned in an announcement.

The cuts, primarily concentrated in central workplaces, will likely be carried out by retiring individuals, together with through the use of an trade fund that enables workers to cease working just a few years earlier than they really attain the pension age.

Particular person buyout packages will even be thought-about, the unions mentioned.

Disclaimer: Fusion Media want to remind you that the information contained on this web site shouldn’t be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not supplied by exchanges however quite by market makers, and so costs is probably not correct and should differ from the precise market value, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm because of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding types potential.

What do you think?

Written by colin


Leave a Reply

Your email address will not be published. Required fields are marked *



EU to impose sanctions towards Russian mercenary group Wagner

Octopus Power/CPP Investments: powering by means of treacherous waters