Commerzbank preparing to ax up to 6,000 jobs, 10% of workforce: report
November 8, 2012, 12:01 pm TWN
FRANKFURT -- Commerzbank, Germany's second-biggest bank, is preparing to ax up to 10 percent of its workforce in the coming years, or 5,000-6,000 jobs, the weekly Die Zeit reported on Wednesday.
Commerzbank is scheduled to publish its third-quarter results on Thursday where it is also set to announce large-scale cost cuts.
A bank spokesman declined to comment on the newspaper report.