Frankfurt, Germany, Feb 13, 2025 (AFP) - Germany's Commerzbank to cut jobs to fight off UniCredit

NAMPA / AFP

2025-02-13

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, as it seeks to fight off advances from Italian bank UniCredit. The cuts, to be implemented by 2028, come as the bank makes "efficiency gains" from digitalisation and increased use of overseas sites, Commerzbank said. The reductions would mainly affect operations in Germany, the bank said, adding they would be pushed through by such steps......

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