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Deutsche Bank staff ‘sent home’ as 18,000 job cuts begin – business live

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Rolling coverage of the latest economic and financial news, as Germany’s Deutsche Bank begins a deep restructuring that will cost thousands of jobs worldwideIntroduction: Dark day for Deutsche staffBank employs thousands in the CityReuters: Whole teams let go in AsiaFull story: Deutsche Bank to axe 18,000 jobs worldwide in radical restructuring 8.30am BST Here’s the official announcement from Deutsche Bank yesterday, outlining its restructuring: 8.27am BST Deutsche Bank staff have been arriving at work in central London, to learn how the restructuring plan affects them.“The bank is not doing well so they have to do something to get back up and running.” Continue reading…



Source link : https://www.theguardian.com/business/live/2019/jul/08/deutsche-bank-staff-18000-job-cuts-restructuring-asia-london-business-live

Author : Graeme Wearden

Publish date : 2019-07-08 07:30:43

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Tags : The Guardian

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