Commerzbank to cut 3,900 jobs in Germany

Commerzbank to cut 3,900 jobs, mainly in Germany, as it seeks to fend off UniCredit
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
Commerzbank to cut 3,900 jobs
Commerzbank said on Thursday (Feb 12) it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit’s advances for a tie-up between the German and Italian lenders.
Germany's Commerzbank to cut jobs to fight off UniCredit
German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. It has since boosted its holding in the German bank to around 28 percent.
Commerzbank's Strategic Overhaul: Job Cuts and Financial Ambitions
Commerzbank plans to cut 3,900 jobs in Germany while maintaining overall employee numbers through international hiring. The strategy revamp aims to fortify against UniCredit's tie-up attempts. The bank targets a net profit of 3.
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told Reuters.
Commerzbank eyes thousands of job cuts to fend off UniCredit
The battle for Commerzbank, pitting one of Italy’s biggest banks against the German establishment, has become a test case of the country’s ability to fend off foreign suitors and prevent its financial centre from losing one of its few remaining big commercial banks.
German Commerzbank to cut 3,900 jobs as it fends UniCredit bid
German lender Commerzbank said on Thursday it plans to cut 3,900 jobs as it unveiled more ambitious financial targets, part of a strategy revamp
Commerzbank plans job cuts, new targets to keep UniCredit away
The job cuts are expected to number between 3,000 and 4,000 people out of a workforce of about 42,000 employees.
Commerzbank to Cut Thousands of Jobs as It Targets Higher Returns
The German lender plans to lay off around 9% of its workforce in a bid to boost returns and convince investors of its standalone prospects as it fends off an approach from Italy’s UniCredit.
Commerzbank to cut 3,900 jobs in Germany as it unveils ambitious 2028 targets
Commerzbank announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.
Commerzbank to cut 3,900 jobs, mainly in Germany
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
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