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Deutsche Bank wants to cut 10 thousand employees

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Deutsche Bank wants to cut 10 thousand employees

Post by Admin on Sat Oct 15, 2016 9:37 pm

Deutsche Bank wants to cut 10 thousand employees

German Deutsche Bank can significantly reduce staff to cut costs in connection with proceedings in the United States and the crisis of confidence on the part of investors, Reuters reported, citing a source.

German Deutsche Bank is studying the possibility of reducing the costs of the proceedings in the United States and the crisis of confidence on the part of investors. This was news agency reported Reuters citing an informed source.
The bank does not rule out further reductions of about 10 thousand. jobs, but notes that such a decision has not yet been adopted.

Source Agency reported that Deutsche Bank Chief Financial Officer Marcus Schenck at a meeting with representatives of the Works Council was of the opinion that in order to reduce costs in the long term you need to lay off 10 thousand. employees. However, he did not specify which areas should be reduced.

In 2015, the bank has experienced several scandals. In mid-October, Bloomberg, citing sources reported that several people from the close environment of the Russian Federation President Vladimir Putin, could benefit from the mirror trading transactions Deutsche Bank, which, in turn, could be a cover for the withdrawal of funds from Russia. According to the agency, in may appear businessmen Arkady and Boris Rottenberg.

December 25 Deutsche Bank found in the subdivision transactions related to Russian clients , which totaled $ 10 billion.

Currently, Deutsche Bank is proceeding with the US Justice Department, took about $ 14 billion in compensation for the settlement of claims on the charges against the bank of violations in securities trading before 2008.

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