Commerzbank to cut 3,900 jobs as it fends off UniCredit

laverita.info

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The Germans reduce staff to increase profits and push members to say no to Orcel. The goal is also to increase dividends. The CEO: 'Vivendi a rational partner'. Giorgetti: “The MEF has extensive powers over Sparkle.” The special contains two articles. All against Andrea Orcel: both in Italy where Ban...

junge Welt

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Bank cuts 3,900 jobs. One motive is to ward off the takeover by Unicredit.

Sueddeutsche Zeitung

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Thousands of jobs are falling away, for which there are dividends for shareholders: Commerzbank is increasingly massively opposed to an imminent takeover by the Italian Unicredit. Private customers have a long way to go.

RTÉ

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Commerzbank to cut 3,900 jobs as it fends off UniCredit

Commerzbank said today it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.

The Local - De

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Germany's Commerzbank to cut thousands of jobs

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, as it seeks to fight off advances from Italian bank UniCredit.

Neue Zürcher Zeitung

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Bettina Orlopp is under pressure because of a possible hostile takeover by Unicredit. Now she wants to make Commerzbank even more efficient and pamper the shareholders. For Unicredit she has a message: For informal talks the train had left.