Unicredit Denies Job Cuts in Potential Commerzbank Takeover

The Italian bank, holding 28% of Commerzbank shares, refutes claims of a massive workforce reduction, calling them speculative.

Unicredit has increased its stake in Commerzbank to 28%, raising concerns about a potential takeover of the German bank.
Commerzbank's employee representatives warn that a takeover could result in up to 15,000 job cuts, a claim Unicredit strongly denies.
Unicredit states it is currently only an investor and dismisses any speculation about future layoffs as unfounded.
The Italian bank emphasizes its commitment to investing in employees and its long-term interest in strengthening its presence in the German market.
A formal takeover bid would be required if Unicredit's stake exceeds 30%, for which regulatory approval processes are already underway.