Sergey Startsev. Almost the biggest credit institutions of Europe - the Italian banking group UniCredit during a large-scale program to reduce costs before the end of 2018 will close 800 of its branches and reduce the number of employees to 18, 2 thousand personnel.

about this was announced in Milan in the previous meetings of the Board of Directors of UniCredit.

"We have adopted a strict, serious, but at the same time very ambitious plan. It is realistic because it focuses on the actions that emanate from our managerial choice, aimed at full self-financing ", - has shown in this regard, the head of UniCredit Federico Ghizzoni.

According to documents in the hands of the media, the story is about the aggregate costs of 1, 6 billion euros. I mean, for example, reduce 6, 9 thousand personnel in Italy, as well as sell controlled by the group units in Ukraine and due to this, out of six thousand people. The number of Bank branches will be closed similarly, in Germany and Austria.

before certain influential media, and for example, have reported about the upcoming reduction of staff of UniCredit group to ten and then to 12 thousand people.

in Milan it was also announced agreement on the merger of assets between UniCredit and the largest Spanish banking group Santander.

The Milan stock exchange immediately retorted to the decisions of the Board of Directors of UniCredit growth of its share price by 3%.
UniCredit is the largest in the European Union commercial Bank, shown in 20 countries. Bank branches are functioning in 50 countries, in Russia there is a subsidiary Bank of the credit institution.

sections: Politics