UniCredit set to axe 6,000 jobs in Italy

Eugenia Jiménez
clock • 1 min read

Italian bank UniCredit has confirmed its plans to cut around 6,000 jobs and close 450 branches in Italy. The layoffs and branch closures are expected to take place through 2023 as part of the firm's three year-efficiency plan in motion. The move follows the announcement of the Italian lender in December, which envisaged to axe about 8,000 positions and close 500 branches to shrink overall workforce by 9%. The announcement angered Italian unions.    The Italian bank has also announced its negotiation talks with unions have already began with the aim to reach an agreement over the la...

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Eugenia Jiménez
Author spotlight

Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.