Unicredit could present 12 thousand redundancies on the occasion of the next update of its industrial plan which will be presented by the CEO Federico Ghizzoni on November 11th. This was written by the Bloomberg agency which last September 3 had already hypothesized the figure of 10 redundant employees. The rumors of the US agency, which cites sources familiar with the dossier, are not commented on by Unicredit.
Secondo Bloomberg the new updated redundancy figures equates to 9,4% of the workforce and includes up to 3 jobs in Germany. According to the same rumors, the institute would thus aim for a Tier 1 capital ratio of over 11% compared to the previous target of 10%.
The data on redundancies would not include – the article continues – the approximately 6 jobs associated with the planned divestment of the Bank's activities in Ukraine and the spin-off of Pioneer Global Asset Management. Currently Unicredit, one of the largest banks in Europe, employs 127.500 people worldwide.
Unicredit's redundancies mainly concern Germany and Austria but a significant share will also be in Italy, even if softened by agreed exits and incentivized redundancies.
