commerzbank says to cut 9600 jobs by 2020 in restructuring
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Commerzbank says to cut 9600 jobs by 2020 in restructuring

Arab Today, arab today

Arab Today, arab today Commerzbank says to cut 9600 jobs by 2020 in restructuring

Frankfurt economy
Frankfurt - Arab Today

Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring.

The Frankfurt-based firm added that the plan, still to be agreed at a supervisory board meeting on Friday, would see it report a loss in the third quarter as it writes down the value of goodwill and other intangible assets.

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commerzbank says to cut 9600 jobs by 2020 in restructuring commerzbank says to cut 9600 jobs by 2020 in restructuring

 



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