• Germany edition
 

Jobs in Germany - in English

Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,148
jobs available

For Recruiters

Find English-speaking professionals with The Local.
Advertise a vacancy
Commerzbank to axe 4,000-6,000 jobs by 2016
Photo: DPA

Commerzbank to axe 4,000-6,000 jobs by 2016

Commerzbank, Germany's second-biggest bank, said on Thursday it is looking to axe 4,000-6,000 jobs – or about 10 percent of its workforce – by 2016.

Published: 24 Jan 2013 10:11 CET

"As part of our strategic agenda announced in November, Commerzbank is planning to invest more than €2.0 billion ($2.7 billion) in core operations, as well as cost savings," a bank spokeswoman told news agency AFP.

"Overall, the bank is assuming that 4,000-6,000 jobs will be cut group-wide by 2016. The exact number will be determined in negotiations with employee representatives that are likely to start in February," she said.

On September 30, 2012, Commerzbank's total workforce numbered 56,287.

While all areas would be affected, it will be the bank's retail division – its high-street branch network – which is set to bear the brunt of the cuts.

In November, the bank announced a strategic reorientation in response to the challenges posted by the financial market and sovereign debt crisis. Above all, Commerzbank would seek to "reposition itself both strategically and operationally in the private customers business," it had said at the time.

On the Frankfurt stock exchange, Commerzbank shares were among the biggest losers, shedding 1.6 percent in a slightly softer market.

AFP/mry

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
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.
Working in a German office can be a tricky business, especially if you haven't quite mastered the language. The Local is here to help with some useful phrases to impress your colleagues.
In this week's My German Career, Yvonne Gruendler, 32, describes her job as a marketing officer after finding her way to Berlin via Asia and the UK.
European politicians of all hues have heaped praise on the German apprenticeship model. The Local's Patrick Reilly meets young Swedish jobseekers ready to head south for a salary, despite the language barrier.
German Employment News
Southern and central Bavaria have the lowest unemployment in the EU, according to figures released on Tuesday, with one business leader boasting the area has “de facto full employment”.
Germany said on Monday it would no longer accept applications for a programme to attract young Europeans to its job market due to overwhelming demand from crisis-ravaged countries.
For those looking for a career change or to simply experience life in Germany, teaching English may pave the path to success.
Starting out on a job hunt in Germany but not quite sure where might be worthy of your CV? Let us inspire you with this week's Job Talk, in which we list the country's favourite employers.
The number of jobless foreigners in Germany has increased to 541,000 including more than 400,000 from European countries. The figures appear to make a mockery of draft government proposals to kick out unemployed EU migrants.
Looking for a job in Germany but having trouble with your CV and cover letter? The Local has translated some German terms best avoided, courtesy of LinkedIn's annual list of "overrated" buzzwords.
PwC
Frankfurt a. M. , München
Stepstone
Added 04/18/14

Roche in Deutschland
Waiblingen bei Stuttgart
Stepstone
Added 04/18/14

PAYBACK GmbH
München
Stepstone
Added 04/18/14

Daimler AG
Sindelfingen
Stepstone
Added 04/18/14

DHL Express
Bonn
Stepstone
Added 04/18/14

MTU Maintenance Berlin-Brandenburg
Berlin-Brandenburg
Stepstone
Added 04/18/14

Deutsche Post DHL
Bonn
Stepstone
Added 04/18/14

Deutsche Post DHL
Bonn
Stepstone
Added 04/18/14

Biologische Heilmittel Heel GmbH
Baden-Baden
Stepstone
Added 04/18/14

Deutsche Post DHL - Inhouse Consulting
Bonn
Stepstone
Added 04/18/14