Monday 9 December 2019
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vanguardngr - 6 days ago

UniCredit bank to shed 8,000 jobs by 2023

Italian bank UniCredit said Tuesday it would eliminate 8,000 jobs in Western Europe and close 500 branches by 2023 to cut costs by a billion euros. The mesures, which were outlined in UniCredit s 2020-2023 Strategic Plan, represent 12 percent of full time equivalent (FTE) positions and 17 percent of its branches in Western Europe, the bank said. Since taking over as head of UniCredit in mid 2016, French chief executive Jean-Pierre Mustier has reorganised operations with a reduction to date of 14,000 FTE and the closure of more than 900 branches. Continue reading UniCredit bank to shed 8,000 jobs by 2023 at Vanguard News.


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