Unicredito announced that it plans to cut about 9,000 jobs as its planned takeover of Germany’s HVB Group goes through. This would lead to a 50% jump in operating income for the two banks.
Unicredito and HVB To Cut 9,000 Jobs Upon Merger
If the planned merger of Unicredito and Germany’s HVB Group goes through, the companies plan to cut 9,000 jobs. This would lead to a 50% jump in operating income for the two banks.
9,000 Jobs To Be Cut as Unicredito and HVB Merge
Unicredito is planning to take over Germany’s HVB Group, and cut 9,000 jobs while doing so. The two banks would would see a 50% increase in operating income over three years if this happens.