Hypo Group Cuts Jobs in Italy

Politics ♦ Published: September 13, 2012; 22:13 ♦ (Vindobona)

The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.

Hypo Group Cuts Jobs in Italy / Picture: © Wikipedia / JJ55 (30 March 2008)

“Hypo Alpe Adria Bank is a prestigious bank and had an important function for the social development in the Friuli region. Thus, I am very concerned of this massive job cut. This could have massive consequences for Friuli.” Furio Honsell, the mayor of Udine said.

According to Honsell, the bank should be supported in Italy. “It is a duty of all authorities to support the…