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News Breaks | | | | January 24, 2013 | | 06:15 EDT |  | CRZBY | Commerzbank to cut 4,000 to 6,000 jobs, Bloomberg reports
Germany's Commerzbank AG (CRZBY) will cut 4,000 to 6,000 jobs over the next four years to lower costs and meet its profit goals, reports Bloomberg. The job reductions will apply to all units worldwide with the retail bank having “significant overcapacity,” according to an internal memo mailed to staff today.Reference Link | |
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