Wed, 05 Oct 2022 12:30:06 GMT
Monte dei Paschi di Siena lays off 4,125 employees
The employee unions of the oldest bank in the world Monte dei Paschi di Siena have announced that 4,125 workers of the bank would leave the bank. The bank intends to issue new shares valued at up to 2.5 billion to fund nearly 4,000 early retirement payments.