Commerzbank explores thousands of job cuts after approach from UniCredit, FT reports

By CNBC   |   3 weeks ago
Commerzbank explores thousands of job cuts after approach from UniCredit, FT reports

Commerzbank is considering job cuts to resist UniCredit's takeover bid. Plans are being developed and may be shared with workers soon. UniCredit has acquired a significant stake in Commerzbank, making a friendly merger unlikely.

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