Germany “Other” Bank: Commerzbank To Fire 9,000, 18% Of Its Entire Workforce…(Toast!)
by Tyler Durden
ZeroHedge.com
Sep 26, 2016
Germany’s second biggest bank, Commerzbank, is planning to cut around 9,000 jobs over the coming years as Germany’s second biggest lender pushes ahead with a restructuring plan, Handelsblatt reported earlier today. citing unnamed sources in the finance industry. The round of layoffs would eliminate a massive 18% of the bank’s entire workforce.
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