Deutsche mulls 8,000 job cuts amid plans to sell Postbank

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.