Deutsche Boerse to Cut as Many as 50 Management Positions
Photographer: Hannelore Foerster/Bloomberg
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Theodor Weimer’s pruning of Deutsche Boerse AG has only just begun.
The German exchange group’s chief executive officer told shareholders Wednesday that he wants to cut as many as 50 management jobs as part of a plan to lower its annual running costs by 100 million euros ($118 million) by the end of 2020.