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