MILAN (Reuters) – UniCredit is set to cut 950 full-time positions in Italy under a new plan to the end of 2024 Italy’s second-biggest bank presented on Thursday, unions said in a statement.
The cuts, mainly concentrated in central offices, will be carried out by retiring people, including by using an industry fund that allows staff to stop working a few years before they actually reach the pension age.
Individual buyout packages will also be considered, the unions said.
(Reporting by Valentina Za, editing by Maria Pia Quaglia)
