Commerzbank

This tag is associated with 5 posts

Commerzbank / To cut 5,200 jobs by 2016

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Commerzbank AG (CBK), the German lender that plans to cut 5,200 jobs by 2016, said two executives will leave its management board as part of the reductions Continue reading →

Commerzbank / To cut thousands of jobs worldwide

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Germany’s second biggest lender, Commerzbank, has struck a deal with the staff council about planned layoffs. The cuts are to lay the ground for a profitable retail banking business. Germany’s partly state-owned Commerzbank has reached a deal with its staff council to cut 5,000 jobs globally, the business newspaper “Handelsblatt” reported Tuesday. The lender warned … Continue reading →

Germany / Commerzbank / To cut 1,800 jobs

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Germany’s Commerzbank AG said Friday that 1,800 jobs in its German retail branches, or about 11% of the retail jobs in Germany, will be cut by the end of 2015. The bank’s management said it has adopted a policy statement to avoid compulsory redundancies in the process. The bank has said it plans to cut … Continue reading →

Commerzbank / To Cut 4,000 to 6,000 Jobs

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Commerzbank AG (CBK), Germany’s second- biggest bank, will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet its profit goals. The job reductions will apply to all units worldwide with the retail bank having “significant overcapacity,” according to an internal memo obtained by Bloomberg news, the contents of which … Continue reading →

Germany – Commerzbank – Up to 6,000 jobs cut

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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 … Continue reading →

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