In the News

Banca Monte dei Paschi di Siena SpA / To cut another 3,360 jobs

Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, pledged to cut an additional 3,360 jobs and increase capital to win support from the European Union for 4.1 billion euros ($5.6 billion) in state aid.

Monte Paschi will target a total of 8,000 staff reductions by 2017, up from an estimate of 4,640 by 2015, according to a plan approved by its board today. The lender already trimmed its employment force by 2,700, according to end-June figures, the Siena-based bank said in a statement on its website.

“This is a solid restructuring plan, built upon a strong turnaround track record, clearly identified actions and prudent macroeconomic assumptions,” Chief Executive Officer Fabrizio Viola said during a conference call with analysts today.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Bloomberg

via Paschi to Cut Extra 3,360 Jobs in $5.6 Billion Rescue Plan (1) – Businessweek.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: