Mettis Link News
Mettis Link News
February 13, 2025 at 07:30 AM
*Commerzbank to cut 3,900 jobs amid strategy overhaul* 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. The job cuts, mainly in Germany and expected to take place by 2028, will be accompanied by hiring outside the country, meaning the bank's full-time positions will remain steady at 36,700, the bank said. Read the full story at https://mettisglobal.news/commerzbank-to-cut-3900-jobs-amid-strategy-overhaul/

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