Unicredit is getting rid of 60-80 equities people in Russia, Romania, Turkey and Poland

Bloomberg reports today upon redundancies at Unicredit: the Italian bank is, 'shrinking its cash equity division in central and eastern Europe as part of a plan to increase profitability and cut costs' and cutting 60-80 people from is Central and East European equities division.

This includes Moscow, where Unicredit's equities business went through senior level departures in 2009 and has lost staff in the past 12 months to VTB.  

Unicredit has been restructuring its business everywhere. It pulled out of Western Europe equity sales last November, with the loss of 150 jobs in London. Cash equity sales across the bank are now headed by Michael Baptista. 

Alexander Cheporov took over as head of equities at Unicredit's Moscow business in January, and may be behind the cuts in Russia,