Commerzbank Agrees Job Losses On Dresdner Bank Integration
March 31 2009 - 4:18AM
Dow Jones News
Commerzbank AG (CBK.XE) said Tuesday it had reached an agreement
with employee representatives on the integration of Dresdner Bank
which will involve the loss of around 2,200 full-time jobs.
Commerzbank had already announced plans to cut jobs as part of
its integration of Dresdner Bank, but doesn't expect the cuts to
exceed 9,000 positions.
Commerzbank closed its acquisition of Dresdner Bank from insurer
Allianz SE (AZ) in January.
Company Web site: www.commerzbank.de
-By William Launder; Dow Jones Newswires; +49 69 29 725 515;
william.launder@dowjones.com