unicredit to raise capital cut 5000 jobs
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

UniCredit to raise capital, cut 5,000 jobs

Egypt Today, egypt today

Egypt Today, egypt today UniCredit to raise capital, cut 5,000 jobs

Milan - AFP

Italy's top bank UniCredit on Monday announced it would cut some 5,000 jobs by 2015 and approved a capital increase of 7.5 billion euros ($10.3 billion) but said it would not pay dividends this year. The bank said it was forecasting an increase in its net profit to 6.5 billion euros by 2015 following the job cuts.

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unicredit to raise capital cut 5000 jobs unicredit to raise capital cut 5000 jobs



 
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