UniCredit plans to cut around 10,000 jobs- bank source

September 14, 2015 12:55 PM

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SARAJEVO, Sept 14 UniCredit, Italy's biggest bank by assets, is planning to cut around 10,000 jobs as it seeks to cut costs and boost profits, a source at the bank told Reuters.

The planned cuts will be concentrated mostly in Italy, Germany and Austria, several sources said, adding that they include 2,700 layoffs in Italy that have already been announced.

Also read: US Foods to Cut Jobs Amid Corporate Restructuring

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