Deutsche Bank to slash about 400 jobs
About 400 jobs will be slashed at Deutsche Bank in Germany. This is part of the Bank’s restructuring plan that had begun in 2019 and was to be implemented over a period of four years. Back in 2019, Christian Sewing, CEO, Deutsche Bank, had revealed intentions to cut 20 per cent of the workforce. However, considering the strict labour laws in Germany, the job cuts have been taking place slowly.
Read more...