
Italian bank UniCredit to cut 8,000 jobs by 2023
- Details
- Category: Economic
- Published Tuesday, December 3, 2019
- CTV News

MILAN -- talian bank UniCredit plans to reduce 8,000 jobs under a three-year plan that aims to increase shareholder value.
The bank, Italy's largest by assets, said Tuesday that the bank's net profit will grow to 5 billion euros ($5.5 billion) by 2023, from a forecast 4.7 billion euros in 2019, with earnings per share rising 12% per year.