UPDATE 1-UniCredit will keep east Europe expertise in Austria, Nowotny says

December 14, 2015 3:11 PM

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VIENNA Dec 14 The restructuring of Italy's UniCredit will keep the group's eastern Europe experts in Vienna, the head of the Austrian National Bank, Ewald Nowotny, said on Monday.

UniCredit said last month it was slashing its workforce by 14 percent and was looking to restructure or sell businesses in Austria and Italy, as it seeks to bolster its finances without asking shareholders for cash.

Also read: UniCredit's sale of Pekao stake to have no FX market impact

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