UniCredit quiet on major job cut speculation

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UniCredit CEO Federico Ghizzoni declined to comment on Thursday on a report that the bank was mulling more than 10,000 lay-offs saying there were no specific figures yet on the table.

'I do not comment because we are going to present our plan in November or in any case by the end of the year. We are working on it, it's not the moment to talk, we still don't have concrete numbers ourselves', he said on the sidelines of an event.

Reuters reports that Bloomberg reported earlier on Thursday the bank was considering cutting at least 10,000 jobs as it reviews its strategic plan.

UniCredit, which employs 146,600 people and operates in 17 countries, has already announced 2,700 job cuts by 2018 that still need to be implemented.

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UniCredit CEO says no numbers yet on potential lay-offs

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