Any workforce reduction at Italy's UniCredit will be handled through early ...
FILE PHOTO: Unicredit bank CEO Jean Pierre Mustier poses during the shareholders meeting in Rome, Italy, January 12, 2017. REUTERS/Remo Casilli
In the letter, seen by Reuters, Chief Executive Jean Pierre Mustier referred to the media reports without confirming or denying them. Sources told Reuters on Monday the bank was considering the job cuts, equal to around 10 percent of its global workforce, as part of its new 2020-23 business plan to be announced on Dec. 3.
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