Bloomberg News

UniCredit May Cut 5,000 Jobs, Write Down Goodwill, Giornale Says

November 13, 2011

Nov. 13 (Bloomberg) -- UniCredit SpA may cut as many as 5,000 jobs as part of its business plan that will be presented tomorrow, daily Il Giornale reported, without saying where it got the information.

The lender may also write down its goodwill by as much as 10 billion euros, the newspaper said.

To contact the editor responsible for this story: Chiara Remondini at cremondini@bloomberg.net


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