During a meeting which took place with trade unions on July 9 in Milan, UniCredit announced its strategy to incite to voluntary leaves which will come after Capitalia's buy out, but all "esuberi" - the Italian term to indicate the employments to cut after a merger - will be determined only with the new industrial project planned for the beginning of 2008. (Ref. 070622)
100 billion of stock exchange capitalization, 9.200 agencies and over 50% of profits abroad: these are some of the figures revealed last May during the announcement of the merger between the Milanese UniCredit and the Roman Capitalia, respectively first and fourth Italian banking groups. The number of employments to be suppressed after the fusion is still unknown. During a meeting with union organizations organized on July 9, UniCredit nonetheless announced 814 “esuberi” in the Banco di Sicilia
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