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Investegate |Commerzbank Aktiengesellschaft Announcements | Commerzbank Aktiengesellschaft: Commerzbank takes the next steps in restructuring

Erik Nebel +49 69 136 44986 About Commerzbank Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 30,000 corporate client groups and around 11 million private and small-business customers in Germany. The Bank s two Business Segments - Private and Small-Business Customers and Corporate Clients - offer a comprehensive portfolio of financial services. Commerzbank transacts approximately 30 per cent of Germany s foreign trade and is present internationally in almost 40 countries in the corporate clients business. The Bank focusses on the German Mittelstand, large corporates, and institutional clients. As part of its international business, Commerzbank supports clients with German connectivity and companies operating in selected future-oriented industries. Following the integration of comdirect, private and small-business customers benefit from the services offered by one of Germany s most advanced direct banks combined with personal adviso

Czech republicSabine schmittrothErik nebelCentral works councilGroup human resourcesCentral worksHuman resources officer sabine schmittrothGroup humanGerman mittelstandBusiness segmentsSmall business customersCorporate clientsInvestegate announcementsInvestegate company announcementsCommerzbank aktiengesellschaftEqs and

Commerzbank takes the next steps in restructuring

Commerzbank takes the next steps in restructuring DJ Commerzbank takes the next steps in restructuring Commerzbank Aktiengesellschaft (CZB) Commerzbank takes the next steps in restructuring 01-Apr-2021 / 15:35 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. = - Socially responsible reduction of 1,700 full-time equivalents by the end of 2021 through a voluntary redundancy programme agreed with the Central Works Council - Chief Human Resources Officer Sabine Schmittroth: This is an important step in the necessary headcount reduction - Provisions totalling around EUR470 million to be booked in the first quarter

Czech republicUnited statesSabine schmittrothCommerzbank aktiengesellschaftErik nebelCentral works councilGroup human resourcesNews serviceRegulatory announcementHuman resources officer sabine schmittrothGroup humanSascha ullrichAbout commerzbankGerman mittelstandBusiness segmentsSmall business customers

Commerzbank : takes the next steps in restructuring

Erik Nebel +49 69 136 44986 About Commerzbank Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 30,000 corporate client groups and around 11 million private and small-business customers in Germany. The Bank s two Business Segments - Private and Small-Business Customers and Corporate Clients - offer a comprehensive portfolio of financial services. Commerzbank transacts approximately 30 per cent of Germany s foreign trade and is present internationally in almost 40 countries in the corporate clients business. The Bank focusses on the German Mittelstand, large corporates, and institutional clients. As part of its international business, Commerzbank supports clients with German connectivity and companies operating in selected future-oriented industries. Following the integration of comdirect, private and small-business customers benefit from the services offered by one of Germany s most advanced direct banks combined with personal adviso

Czech republicSabine schmittrothErik nebelCentral works councilGroup human resourcesCentral worksHuman resources officer sabine schmittrothGroup humanGerman mittelstandBusiness segmentsSmall business customersCorporate clientsCommerzbank ag stock exchangePress releaseEqs cbk de000cbk1001செக் குடியரசு

Commerzbank To Cut 1,700 Jobs In Germany By End Of 2021

Commerzbank To Cut 1,700 Jobs In Germany By End Of 2021
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Germany: Commerzbank employees confront phalanx of government, company and unions

Germany: Commerzbank employees confront phalanx of government, company and unions The Supervisory Board of Commerzbank approved the CEO’s “ Strategy 2024 ” on Wednesday. Starting in 2024, costs are to be reduced by €1.4 billion a year and return on equity increased to 7 percent. To do this, the bank will cut 10,000 full-time positions and close 340 of its 790 branches. Headquarters of the Commerzbank (right) in Frankfurt The works council and the Verdi trade union are represented on the Supervisory Board, which has equal representation. As the Supervisory Board has no formal decision-making authority on strategy, there was no vote. After the special meeting of the Supervisory Board, the Bank merely announced that the majority of the Supervisory Board had approved the CEO’s plans.

United statesManfred knofStefan wittmannOlaf scholzPeter altmeierGroup board of managementWorks councilCentral works councilDeutsche bankSupervisory boardManagement boardAnnual general meetingFederal finance minister olaf scholzGerman economics minister peter altmeierFinance ministerJob cuts