UniCredit confirms 6,000 Italy job cuts as union talks begin

MILAN — UniCredit confirmed plans to cut 6,000 jobs in Italy over the next four years as the country’s biggest bank began the negotiation process with unions on Monday over layoffs and branch closures. In December UniCredit unveiled a new plan to 2023, under which it would cut 8,000 jobs and close 500 branches, angering Italian unions, which said then that they expected 5,500 layoffs in Italy and up to 450 branch closures. In...