Deutsche Bank Clears Labor Hurdle for 1,000 German Job Cuts

  • Lender plans to cut 4,000 jobs in Germany as part of overhaul
  • Cuts will be spread across businesses, lender says on Thursday

Deutsche Bank AG reached an agreement with labor representatives to eliminate 1,000 jobs, as part of Chief Executive Officer John Cryan’s efforts to cut 4,000 positions in the lender’s home market.

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