Deutsche Commerzbank has a general workforce of 42,000 employees. Now thousands of places must be terminated.
Two people who are familiar with the case said Reuters that the measure would make several thousand employees, while a third person estimated the number to 3000 to 4,000 – with a general workforce of around 42,000 employees.
The Frankfurt Money House wants to lower its costs with the clear reduction and support its independence compared to the acquisition levies of the Italian Unicredit.
The bank’s supervisory council will discuss the measures on Wednesday in a full day meeting with the management before the strategy is officially presented on Thursday, the insiders said. Commerzbank did not want to comment on this.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
