Tensions Prior to Announcement of the UniCredit Savings Plans

Published: November 11, 2015; 12:15 · (Vindobona)

It is rumored that the groupwide reduction of up to 14,000 jobs will be announced today. It is also about the future of Bank Austria. Bank Austria's parent UniCredit may withdraw the group's CEE head office from Vienna.

Tensions Prior to Announcement of the UniCredit Savings Plans / Picture: © Uni Credit Group Bank Austria

Both Italy and Austria are feverishly avaiting the announcement of the new austerity package by Bank Austria holding company UniCredit.

For Bank Austria, the largest Austrian bank, it is speculated on the market ahead of the key announcements that the Eastern European headquarters will be removed.

This article includes a total of 50 words.

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