Deutsche Bank plans to delete around 2,000 jobs in the current year and further reduce the number of its branches. CEO Christian Sewing spoke of a “significant number” of branches organized by Morgan Stanley. The costs for the job cuts have already been provided, the manager continued.
Deutsche Bank has repeatedly closed branches in recent years to press the costs and announced a further breakdown.
A group spokesman said that the branch closures were already known measures. In the course of this and in the event of savings in the back office, the places mentioned would be omitted. There is no new savings program.
Deutsche Bank announced in September that it wants to advise private customers more by video and telephone and at the same time want to close an “medium double -digit number” of smaller branches. In the course of this, the DAX group announced negotiations with the works council. Deutsche Bank employs around 90,000 people worldwide.
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