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8/22/2019, 7:56 PM (Source: TeleTrader)
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Commerzbank to cut 1,800-2,500 jobs - report

Commerzbank AG is planning to cut between 1,800 and 2,500 jobs, German Boersen-Zeitung reported on Thursday citing sources familiar with the matter.

The report noted that the final decision on the matter will be made during the meeting of the lender's Managing and Supervisory boards scheduled for September 25 and 26. In case the bank decides in favor of the cuts, they are expected to mostly affect employees at its headquarters.

Breaking the News / NP