Deutsche Bank considering axing 2,000 jobs

29th November 2004, Comments 0 comments

29 November 2004 , FRANKFURT - Deutsche Bank, Germany's leading bank, is to cut some 2,000 of its 27,000 jobs in Germany, according to a report. The daily Berliner Zeitung said the jobs affected would be mainly in management positions within Germany. Deutsche Bank would not comment on the report, but chairman of the board Josef Ackermann told Monday's Focus news magazine any reductions would not affect customer services. "With our branches we are very well placed in Germany. That is why we will change noth

29 November 2004

FRANKFURT - Deutsche Bank, Germany's leading bank, is to cut some 2,000 of its 27,000 jobs in Germany, according to a report.

The daily Berliner Zeitung said the jobs affected would be mainly in management positions within Germany.

Deutsche Bank would not comment on the report, but chairman of the board Josef Ackermann told Monday's Focus news magazine any reductions would not affect customer services.

"With our branches we are very well placed in Germany. That is why we will change nothing in our present customer services," he said.

According to the Berliner Zeitung, Deutsche Bank will be informing works councils this week of its plans. Die Welt newspaper has also reported that several hundred jobs abroad could be transferred back to Germany. 

DPA

Subject: German news

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