UPDATE 1-Bank Austria says to cut up to 850 jobs in Austria

Newswire

* UniCredit unit cites rising costs of bank levy, regulation * Says aims to avoid forced layoffs * Targets back-office posts (Adds quotes and background) VIENNA, Nov 28 (Reuters) - UniCredit Bank Austria will cut up to 850 jobs in Austria as part of a plan to slash 130 million euros ($176 million) in administrative costs, it said on Thursday, blaming rising state burdens in a saturated market. Austria's bank levy delivers a 97 ...

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