UniCredit bid for Banco BPM raises concerns on workforce, union says

MILAN (Reuters) - UniCredit's bid for Banco BPM raises concerns about the potential impact of the deal on jobs, the banking sector's main union said on Thursday.



"There is great concern about the employment fallout that could result from the deal. The numbers circulated so far are worrying and call for deep thought," FABI union said in a statement.

It added that the offer was a "market transaction, in a phase of radical changes in the banking sector, both at a national and European level".

Source: Investing.com