Deutsche mulls 8,000 job cuts amid plans to sell Postbank
New reductions likely to shrink German bank's total workforce by almost 25%
London
DEUTSCHE Bank is considering cutting as many as 8,000 jobs in addition to selling a consumer-banking unit, which would shrink the total workforce almost 25 per cent, according to a person familiar with the matter.
The new cuts would probably mostly affect administrative and technology jobs, although some client-facing positions may be eliminated, said the person. A plan to divest Bonn-based Deutsche Postbank, which employs about 15,000, is still part of the strategy, the person said. A final decision will be made next month, the person said.
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