The Bank plans to cut 15 thousand people, and also to sell assets of about 4 billion euros, bringing the number of employees will decrease by another 20 thousand.
MOSCOW, 29 Oct. The largest German Bank, Deutsche Bank plans to cut 15 thousand employees in the framework of the strategic plan of the group development Strategy 2020, according to a press release from the Bank.
Of these 15 thousand people 9 thousand employees — people on regular work, and another 6 thousands people or workers with temporary employment contracts.
The Bank also plans to sell assets of about 4 billion euros, bringing the number of employees will be reduced by 20 thousand people in the next 2 years.
In addition, the financial institution plans to complete the work in 10 countries — Argentina, Chile, Mexico, Uruguay, Peru, Denmark, Finland, Norway, Malta and New Zealand.
Previously Deutsche Bank reported that net loss for the third quarter of 2015 amounted to 6,024 billion euros, which far exceeds the loss for the third quarter of 2014 in the amount of 92 million euros.
Deutsche Bank — the largest by assets Bank of Germany, founded in 1870. In Russia the Bank has been operating since 1881. As of 2014 the Bank worked 98,138 thousand.