Commerzbank AG Confirms Plans To Cut 4000-6000 Jobs At Group-DJ

Dow Jones reported that Commerzbank AG said it plans to cut between 4000 and 6000 jobs, with labor negotiations beginning in February, confirming a report by Dow Jones Newswires earlier this month. In total, the bank plans cuts of around 4000-6000 full-time positions for the group by the year 2016, the spokesman said. The specific number of cuts are subject to labor council negotiations, the spokesman added.