1000 Deutsche Bank Jobs Go As Axe Falls On London

Evening Standard - London › February 03, 2005

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Summary

WELL over 1000 jobs are to be slashed in the London offices of Deutsche Bank, it was revealed today as the German bank said it would cut 6400 jobs worldwide, or around 10% of its total workforce.

The move is a desperate bid by the board, headed by chairman Josef Ackermann, to slash costs and begin earning a decent return for the bank's investors.

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1000 Deutsche Bank Jobs Go As Axe Falls On London

Details of the London job cuts were sketchy, but analysts had reckoned that between 1000...

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