Cybersecurity
Italy’s UniCredit to Eliminate 8,000 Jobs
- CEO plans to reduce workforce by more than 9%, close branches
- UniCredit to reward investors with mix of buybacks, dividends
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UniCredit SpA Chief Executive Officer Jean Pierre Mustier will reward investors with 2 billion euros ($2.2 billion) of share buybacks -- its first in at least 14 years -- while cutting about 8,000 jobs to compensate for slow economic growth and sluggish revenue.