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Deutsche Bank's Patchy Job Cutting Track Record in Four Charts

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Deutsche Bank CFO Discusses Overhaul, German Economy
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Deutsche Bank AG plans to make deep job cuts to revive profit and boost a depressed share price, but a look at the lender’s past attempts to eliminate staff costs suggests that it’s not always easy to achieve.

Chief Executive Officer Christian Sewing plans to eliminate about 18,000 positions by 2022, or a fifth of the total, in the biggest reduction in the bank’s recent history. However some investors have bemoaned the company’s failure to deliver on earlier plans as staffing remained relatively expensive and reductions were undone by acquisitions and other hiring. Here are four charts that show Deutsche Bank’s past attempts to fire staff and how they fell short.