Commerzbank, the German lender that got 18.2 billion euros
($24.3 billion) in state aid, plans to cut more than 5,000 jobs, Handelsblatt
reported.
The bank’s board and employee representatives reached an
agreement on group-wide job cuts, according to an e-mailed extract from an
article to be published in the newspaper today, citing two people it didn’t
name who are familiar with the negotiations. The worker’s council is scheduled
to vote on the plan tomorrow and an agreement is seen as “very likely,”
according to the newspaper....
Wait...wait...there's more at http://www.bloomberg.com/news/2013-06-18/commerzbank-plans-to-cut-more-than-5-000-jobs-handelsblatt-says.html
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