• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,344
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
Deutsche Bank talks austerity in posh hotel
Photo: DPA

Deutsche Bank talks austerity in posh hotel

Published: 04 Nov 2012 11:38 CET

Suites at Berlin’s Adlon Hotel can cost up to €15,000 a night, while the cheapest room will set penny-pinchers back €320 a night – and Deutsche Bank has rented out the entire building, Der Spiegel said, in a report to be published on Monday.

Its top managers will be housed there from Monday through to Wednesday for the major pow-wow on how to save money.

Just a few weeks ago Deutsche Bank chiefs Anshu Jain and Jürgen Fitschen talked about bringing a new culture to the bank in which the much criticized excesses of the past would become history.

The two announced that the bank would seek to cut costs by €4.5 billion by 2015, which is to be accomplished in part by sacking of 2,000 employees by the end of this year.

At the same time, Deutsche Bank tops a list of 28 financial institutions that would provoke a worldwide shock that is impossible to calculate, should any of them collapse.

The “too-big-to-fail” list is established by the Financial Stability Board, an international forum made up of national banks and other institutions.

The Local/DAPD/mw

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
In this week's My German Career, US pastor Jeff Ingram, 54, talks about life in the church and the advantages as well as the downside of Germany's desire for order.
German Employment News
What would happen if everyone was suddenly paid €1,000 a month with no strings attached? "Let's try it," says Michael Bohmeyer, who raised the money through crowdfunding and will now experiment with the idea of a basic income for one year.
Germany lags its rivals when it comes to innovation, according to global rankings. But in other measures it leads Europe in technological progress. How innovative is the country really?
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
JobTalk this week looks out of the classroom window and up from the translator’s desk at some of the best jobs for expats in Germany.
What holds back talented foreigners in Germany's job market? Recruitment expert Chris Pyak looks at three misconceptions which may be hindering your success when applying for jobs.
US vice president Joe Biden suggested Germany was “xenophobic” last week. His comments caused a lot of debate among our readers. But was he right? Are immigrants hindered in the job market? JobTalk takes a look.

Trainers of English
British Council is recruiting a team of English Trainers to work on a new and exciting project: English for Education College Trainers (EfECT), in Burma. This is an excellent opportunity to develop your teaching career.
FULL JOB AD »

Officer - Submission & Bio/Cash
VFS TasHeel International is seeking a Submission & Bio/Cash Officer to manage day-to-day activities of the Visa Application Centre in Frankfurt and Berlin.
FULL JOB AD »

DHL Express
Leipzig
Stepstone
Added 07/26/14

DHL Express
Leipzig
Stepstone
Added 07/26/14

Deutsche Post DHL
Bonn
Stepstone
Added 07/26/14

DHL Express
Leipzig
Stepstone
Added 07/26/14

DHL Express
Leipzig
Stepstone
Added 07/26/14

EagleBurgmann Germany GmbH & Co. KG
Wolfratshausen
Stepstone
Added 07/26/14

Robert Bosch GmbH, Leonberg
Leonberg
Stepstone
Added 07/26/14

Deutsche Post DHL - Inhouse Consulting
Bonn
Stepstone
Added 07/26/14

Deutsche Post DHL - Inhouse Consulting
Bonn
Stepstone
Added 07/26/14

BMW Group
München
Stepstone
Added 07/26/14