The company began talks with workers’ representatives last week, said the person, who asked not to be identified because the plans aren’t public. The reductions will be in addition to 5,200 cuts announced in June last year, the person said.
Melenie Loriz, a spokeswoman for the company, said in e-mailed comments that Commerzbank planned to restructure the finance department. She declined to provide further details.
The job cuts were reported by Reuters earlier today.
To contact the reporter on this story: Shane Strowmatt in Frankfurt at email@example.com
To contact the editors responsible for this story: Frank Connelly at firstname.lastname@example.org Mark Bentley