Commerzbank board to decide on cost-cutting plan next week, report says - Reuters

in hive-116221 •  5 years ago 

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Commerzbank's (CBKG.DE) board will likely approve more branch closures and job cuts at an extraordinary meeting next week, a German newspaper reported on Saturday.

Commerzbank, which last year announced plans to cut thousands of jobs, has said it is in the process of identifying more cost cuts and will announce plans when it releases second quarter earnings in August at the latest.


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