Germany’s second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets

Frankfurter Allgemeine

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Commerzbank plans to increase revenues and lower costs by 2028: 3300 jobs in Germany and the free current account will be lost. There should be no informal talks with Unicredit.

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Commerzbank to cut 3,900 jobs, mainly in Germany, as it seeks to fend off UniCredit

Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.

Euronews

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Commerzbank to cut jobs and boost profits in bid to fend off UniCredit

The German bank is seeking to bolster its financial strength as Italy’s UniCredit vies for a takeover.

France24

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Germany's Commerzbank to cut jobs to fight off UniCredit

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit.

The Straits Times

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Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCredit

At the same time, more jobs will be added overseas, in locations such as Poland.

Le Figaro

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These deletions are justified by a savings plan designed to affirm the independence of the German bank while UniCredit wants to buy the group.