UniCredit to potentially lay off over 10,000 staff
UniCredit's CEO, Fedrico Ghizzoni, has declined to comment on speculation that the bank is looking to axe 10,000 jobs, following a report in Bloomberg. The bank has already announced it is cutting 2,700 jobs by 2018, which still needs to be implemented, as part of its long-term restructuring plan.
"I do not comment because we are going to present our plan in November or in any case by the end of the year. We are working on it, it's not the moment to talk, we still don't have concrete numbers ourselves," he said on the sidelines of an event.

Bloomberg reported earlier on Thursday the Italian bank, the country's biggest by assets, was considering cutting at least 10,000 jobs as it reviews its strategic plan.

UniCredit, which employs 146,600 people and operates in 17 countries, has already announced 2,700 job cuts by 2018 that still need to be implemented.

The lender is reworking a five-year strategic plan, unveiled less than 18 months ago, to boost revenues and cut costs. Two union sources said the group had not discussed additional job cuts with unions.

The bank is under pressure to bolster its financial strength and cut costs - particularly in Germany and Austria - to allay once and for all market concerns that it may need to launch a capital increase, something Ghizzoni has repeatedly denied.

(Reporting by Gianluca Semeraro; writing by Danilo Masoni)