Commerzbank Stays the Course, Portends 7,800 Job Cuts in Restructuring Move

[kreslik.news]

Commzerbank has joined its European banking peers in 2017, ushering in a fresh round of job cuts that will see 7,800 positions axed, part of the lender’s latest restructuring plan. The move represents the most recent shockwave to hit the banking space, one of the hardest hit industries that has resulted in thousands of jobs lost over the past few years.

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The majority of job losses have been relegated to the UK, which ahead of an official Brexit has been seen as the highest candidate for job turnover. A trifecta of rising labor ... (read more)