http://businesstoday.intoday.in/story/deutsche-bank-to-cut-1900-jobs-cost-cutting-drive/1/186829.html
Deutsche Bank says it plans to cut about 1900 jobs, most of them outside Germany, as part of a cost-cutting drive.
Deutsche Bank says it plans to cut about 1900 jobs, most of them outside Germany, as part of a cost-cutting drive.
The bank said on Tuesday that about 1,500 of the jobs will be cut in its corporate banking and securities divisions and in related infrastructure areas.
It says the headcount reduction will contribute some 350 million euro to an overall target of 3 billion euro ($3.8 billion) in savings.
The announcement came after the bank said its earnings fell 46 per cent in the second quarter as the eurozone debt crisis hurt investment banking activity and revenue from trading securities.
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