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Intesa Sanpaolo secures banking unions' approval for 1,600 voluntary layoffs

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Intesa Sanpaolo secures banking unions' approval for 1,600 voluntary layoffs

Intesa Sanpaolo SpA secured consent from five banking unions for 1,600 jobs voluntary layoffs, Reuters reported May 30, citing a joint statement by the unions.

The Italian bank also agreed to hire 150 new employees, according to the report.