UK job losses to be in ‘the hundreds’ as Deutsche Bank restructures
Deutsche Bank has said that as part of its restructuring announced on Sunday it would be downsizing with the loss of “hundreds” of jobs in the UK.
The German bank which has 8,000 UK employees – 7,000 in London and 1,000 in Birmingham – is in the process of cutting its total costs by a quarter by 2022.
In a statement it said it was radically transforming its business model to become more profitable, improve shareholder returns and drive long-term growth.
This will see 18,000 employees from a global workforce of 74,000 ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...