Commerzbank, Germany’s second-biggest bank, is preparing to axe up to 10 percent of its workforce in the coming years, or 5,000-6,000 jobs, the weekly Die Zeit reported on Wednesday.
Die Zeit, in a pre-release of an article to appear on Thursday, said Commerzbank is planning billions of euros in cost-cutting across all divisions between now and 2016.
Die Zeit suggested the exact number of jobs being cut would not be announced Thursday, as negotiations with unions were still ongoing, a scenario confirmed to AFP by a source close to the talks…
Choosen excerpts by JMM from
via Commerzbank to axe up to 6,000 jobs – Channel NewsAsia.
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