TELETRADER News
6/30/2020, 8:46 AM
(Source: TeleTrader)
Commerzbank+2.16%
Commerzbank mulling 7,000 additional job cuts - report
Commerzbank AG is considering cutting an additional 7,000 jobs and closing 400 of its German offices, Boersenzeitung (BoeZ) reported on Tuesday citing finance industry sources.
However, a spokesperson for the bank insisted that its supervisory board has not decided on the matter and that the details of Commerzbank's cost project will be disclosed with its second-quarter results.
Last year, the lender announced plans to reduce its workforce across the group by around 4,300 by 2023.