(C) Reuters. FILE PHOTO: View of the logo of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. REUTERS/Jennifer Lorenzini
MILAN (Reuters) – Monte dei Paschi di Siena is moving to close 50 branches in line with commitments taken with European Union authorities under its restructuring plan through 2021, a copy of a letter the state-owned bank sent to unions showed on Wednesday.
It was not immediately possible to reach Monte dei Paschi for comment.
Monte dei Paschi prepares to close 50 branches – letter to unions
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