News Videos
World
International Edition

Thursday

June 22, 2017

Breaking News, World News and Taiwan News.
About Us
E-Newsletter
Advertise
Contact Us

Commerzbank plans to cut 4,000-6,000 positions by 2016

FRANKFURT -- Commerzbank, Germany's second-biggest bank, said on Thursday it is looking to ax 4,000-6,000 jobs — or about 10 percent of its workforce — by 2016.

"As part of our strategic agenda announced in November, Commerzbank is planning to invest more than 2 billion euros (US$2.7 billion) in core operations, as well as cost savings," a bank spokeswoman told AFP.

"Overall, the bank is assuming that 4,000-6,000 jobs will be cut group-wide by 2016. The exact number will be determined in negotiations with employee representatives that are likely to start in February," she said.

MOST POPULAR OF THIS SECTION
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search