Newswire

Bank Austria says to cut up to 850 jobs in Austria

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.

Bank Austria said it aimed to achieve the targets without forced layoffs. ($1 = 0.7367 euros) (Reporting by Michael Shields)