In early February, executives acknowledged that 2017 had been one of the investment bank’s worst years yet, with revenues sapped by low volatility on financial markets and limited client activity.
Deutsche Bank struck a deal with its German works council on restructuring measures taking the total of job cuts in the country to 4,000, it said on Thursday.
The agreement on slashing another 1,000 jobs is part of a deep overhaul announced last year which includes shedding a total 9,000 jobs worldwide.
The deal comes after a similar agreement on cutting 3,000 positions in Germany, which the bank and the labour representatives struck in June.
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Published on October 6, 2016
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