Monte dei Paschi di Siena lays off 4,125 employees

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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.
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