Generali mulling 8,000 job cuts outside Italy: sources
Tweet
Share
E-mail
A banner with a logo of Generali insurance is seen outside of one of its branch offices in Telfs, Austria, November 1, 2016. REUTERS/Leonhard Foeger
MILAN (Reuters) - Italy's top insurer Generali
The job cuts would be outside of Italy, one of the sources said.
Generali, which is due to hold an Investor Day on Wednesday, declined to comment.
Europe's third-largest insurer, which generates most of its revenues and earnings in Italy, France and Germany, has a workforce of just over 76,000.
(Reporting by Gianluca Semeraro, writing by Stephen Jewkes; editing by Agnieszka Flak)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies upgrades Shopify to Buy on AI commerce tailwinds, sees 30% upside
- Piper Sandler Highlights Travelers (TRV) as a Weekly Focus Idea
- Schneider National (SNDR) PT Raised to $34 at Stifel
Create E-mail Alert Related Categories
ReutersRelated Entities
Layoffs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
