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Banca Popolare di Milano Scarl To Cut 700 Jobs-Reuters


Tuesday, 24 Jul 2012 12:47pm EDT 

Reuters reported that Banca Popolare di Milano Scarl is planning to cut 700 jobs and refocus on traditional commercial banking as the mid-tier lender strives to redress years of poor management. In its 2012-2015 business plan Pop Milano said on Tuesday a total of 3,000 employees will be involved in the bank's reorganisation and redeployment moves.