Deutsche Bank Considers Plans for 10,000 Job Cuts - News Summed Up

Deutsche Bank Considers Plans for 10,000 Job Cuts


Deutsche Bank AG executives have considered plans in recent weeks to eliminate close to 10,000 jobs, or about one in 10 employees, as part of moves to accelerate cost-cutting, according to people familiar with internal bank discussions. The latest plan, with cuts that likely would extend into 2019, follows months of thorny debate over how fast and deep job losses should be at the beleaguered German lender. The process has divided senior executives and left investors unconvinced.


Source: Wall Street Journal May 23, 2018 12:56 UTC



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