Cerberus wants well more than 7,000 job cuts at Commerzbank - source

Cerberus wants well more than 7,000 job cuts at Commerzbank - source

Cerberus wants Commerzbank to cut far more than 7,000 jobs as part of the bank's efforts to trim costs, a person familiar with the matter said on Tuesday.
Source: www.reuters.com

FRANKFURT (Reuters) - Cerberus wants Commerzbank () to cut far more than 7,000 jobs as part of the bank’s efforts to trim costs, a person familiar with the matter said on Tuesday.

Cerberus, one of the bank’s largest investors, has been pressing for big changes at the bank.

 

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