Commerzbank to cut 3,900 jobs, mainly in Germany
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Commerzbank plans to cut 3,900 jobs, primarily in Germany, as part of a strategy revamp to improve financial targets and counter UniCredit's merger advances.
February 13, 2025 | 6:45 am
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Commerzbank is cutting 3,900 jobs mainly in Germany to improve financial targets and counter UniCredit's merger advances.
The job cuts are part of a strategic revamp to improve financial performance, which is likely to be viewed positively by investors. The move is also a defensive strategy against potential merger advances by UniCredit, indicating proactive management.
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