March 24, 2020 / 9:30 PM / 2 months ago

Brazil's Itau Unibanco says it will not sack staff over coronavirus

SAO PAULO, March 24 (Reuters) - Brazil’s largest private lender Itau Unibanco Holding SA on Tuesday said it was ruling out laying off employees for an as yet undetermined period of time and will pay early bonuses in April amid the coronavirus outbreak.

On Monday, Banco Santander Brasil SA also said that it would refrain from firing workers “amid the most critical period” of the pandemic. (Reporting by Carolina Mandl; Editing by Sandra Maler)

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