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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.

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