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UniCredit to lay off 6000 in Italy

Christian Fernsby |
UniCredit is to lay off 6000 staff in Italy and close 450 branches, it told unions on yesterday.

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The payoffs and closures are contained in a 2019 to 2023 plan.

Some 500 are redundancies from a recently completed plan and 5,500 are new redundancies linked to the Team23 plan, the bank said.

It communicated the plan to unions in order to be able to start procedures.

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