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FILE PHOTO: A sign for an ATM of Commerzbank is seen next to the headquarters of Deutsche Bank (R) in Frankfurt, Germany, March 19, 2019. REUTERS/Kai Pfaffenbach
FRANKFURT (Reuters) – Commerzbank (CBKG.DE) on Friday announced that it was planning to cut 4,300 jobs as part of an overhaul and review of its strategy.
The bank would add 2,000 jobs in “strategic areas”, making for a groupwide headcount reduction of around 2,300 full-time positions, the bank said.
Reporting by Tom Sims; Editing by Tassilo Hummel
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