Commerzbank cuts thousands of jobs

  • 11 years ago
Commerzbank plans to cut up to 12 percent of its staff over the next three years.

It is part of attempts by Germany's second-biggest lender to slash costs and revamp its ailing retail business.

Between 4,000 and 6,000 posts will go.

The final total will be negotiated with unions in talks starting in February.

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http://www.euronews.net/

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