Arab Today, arab today hypovereinsbank will shed 1500
Last Updated : GMT 22:26:57
Arab Today, arab today
Arab Today, arab today

HypoVereinsbank will shed 1500

Arab Today, arab today

Arab Today, arab today HypoVereinsbank will shed 1500

HypoVereinsbank
Berlin - AFP

HypoVereinsbank, the German subsidiary of italian banking giant UniCredit, said on Wednesday it plans to axe 1,500 jobs in a shake-up of its high-street branch network.
"The number of full-time positions will be reduced by around 1,500 across the country," HypoVereinsbank said in a statement.
"Of these, nearly 1,300 will be axed in private customer business and around 200 in the headquarters," the statement said.
The bank said that it would merge or close 240 of its 580 branches nationwide by the end of 2015.

 

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