Euronews
International · 1 hrs ago
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Commerzbank axes 3,000 jobs in an attempt to fight off UniCredit takeover bid
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Commerzbank announced plans to cut 3,000 jobs and raise profit targets as a defensive measure against UniCredit's takeover bid, a major Italian bank seeking to acquire the German lender.
Commerzbank axes 3,000 jobs in an attempt to fight off UniCredit takeover bid
Commerzbank wants to cut a further 3,000 jobs and at the same time significantly increase its profit targets. The reorganisation is the bank's response to the takeover ambitions of the major Italian bank UniCredit.
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