UPDATE 1-Brazil’s Itau lays off 270 staff in retail units, union says – Reuters UK

(Updates number of employees laid off)SAO PAULO, Sept 17 (Reuters) – Brazil’s largest lender Itau Unibanco Holding SA has laid off at least 270 employees since the beginning of September, according to a bank employees union leader on Thursday.Layoffs reached 130 positions in the car loan unit and also hit workers located at bank branches,…

UPDATE 1-Brazil’s Itau lays off 270 staff in retail units, union says – Reuters UK

(Updates number of employees laid off)SAO PAULO, Sept 17 (Reuters) – Brazil’s largest lender Itau Unibanco Holding SA has laid off at least 270 employees since the beginning of September, according to a bank employees union leader on Thursday.Layoffs reached 130 positions in the car loan unit and also hit workers located at bank branches, the union added.Itau, which ended June with roughly 95,000 employees, pledged not to cut any jobs for an unspecified period of time during the coronavirus pandemic.“Banks had committed not to fire worker
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