Deutsche Bank announced Sunday it would cut 18,000 jobs — about 1 in 5
employees — by 2022, as part of its new round of restructuring
.
Deutsche Bank said in a statement on Sunday that the restructuring would include "a workforce reduction" to "around 74,000 employees by 2022."
The layoffs would contribute to reducing annual costs by €6 billion ($6.7 billion) until 2022.
The bank also plans to scrap its global equities business and scale back its investment banking. It expects a €2.8 billion euro ($3.1 billion) net loss in the second quarter as a result of restructuring charges.
Deutsche Bank said the restructuring could cost it €7.4 billion ($8.31) between until the end of 2022.
Read more at: Deutsche Bank to axe 18,000 jobs | News | DW | 07.07.2019
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.
Deutsche Bank said in a statement on Sunday that the restructuring would include "a workforce reduction" to "around 74,000 employees by 2022."
The layoffs would contribute to reducing annual costs by €6 billion ($6.7 billion) until 2022.
The bank also plans to scrap its global equities business and scale back its investment banking. It expects a €2.8 billion euro ($3.1 billion) net loss in the second quarter as a result of restructuring charges.
Deutsche Bank said the restructuring could cost it €7.4 billion ($8.31) between until the end of 2022.
Read more at: Deutsche Bank to axe 18,000 jobs | News | DW | 07.07.2019
The Digest Group
Almere-Digest
EU-Digst
Insure-Digest
Turkish-Digest
For additional information, including advertising rates - e-mail: Freeplanet@protonmail.com
