Bloomberg News

UniCredit’s Piccini Says Bank to Announce Job Cuts

November 24, 2011

Nov. 13 (Bloomberg) -- UniCredit SpA will announce job reductions as part of its new business plan, Gabriele Piccini, the bank’s country manager for Italy, told reporters in Milan. Piccini said the job cuts would be achieved through an agreement with labor unions and carried out on a voluntary basis. The bank isn’t planning on firing staff, he said. He didn’t give additional details about the size of the cuts.

To contact the editor responsible for this story: Dan Liefgreen at dliefgreen@bloomberg.net


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