MILAN (Reuters) – UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said.
Bloomberg News reported earlier on Friday half of the expected job cuts would hit the group’s German operations.
UniCredit will unveil a new business plan on Dec. 9.
(Reporting by Valentina Za, editing by Maria Pia Quaglia)
