Deutsche Bank to Cut 1,920 Jobs Over Two Years

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000650-deutsche-bank-to-cut-1920-jobs-over-two-y/

Germany’s top bank, Deutsche Bank, on Wednesday unveiled another job cutting plan, with the latest slashing seven percent of full-time jobs in the country.

Deutsche Bank said it will cut 1,920 jobs over the next two years in its German operations, reducing the number of full-time employees to 25,410 from 27,330.

The bank said the changes are designed to allow for more time to be spent with clients by reducing and simplifying the number of administrative and transaction processing tasks required within the business.

A total of 2,300 jobs will be eliminated, while 350 new jobs will be created. Most of the job cuts will come from risk management, information technology, operations, human resources and controlling.

For this complete story, please visit Deutsche Bank to Cut 1,920 Jobs Over Two Years.

Deutsche Bank to Cut 1,920 Jobs Over Two Years

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