6000 employees cut from Unicredit

Another bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service.

UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to low-interest rates that make it harder for lenders to increase revenue. Deutsche Bank AG plans to cut 18,000 positions in a sweeping overhaul, while Societe Generale SA in April announced plans to cut 1,600 jobs globally and exit capital-intensive businesses.

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