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Commerzbank AG To Propose Cutting Around 6,000 Jobs In Germany-DJ

Thursday, 17 Jan 2013 12:08pm EST 

Dow Jones reported that Commerzbank AG will likely propose cutting around 6,000 jobs in Germany, or about 18% of the workforce, when starting negotiations with labor representatives next month, three people familiar with the matter told The Wall Street Journal on January 17, 2013. One person said the proposal, which will be the starting point for the talks, is for cutting between 6,000 and 6,500 jobs, while two other people said a range between 5,000 and 6,000 was likely proposed. The widely watched talks with labor representatives will start in mid- to late-February, these people said. 

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