Commerzbank CEO strikes deal with workers for 10,000 job cuts
By Merima in Business
Updated 3 years ago
Commerzbank hopes the revamp will revive its fortunes as a standalone bank as it tries to turn a new leaf after management reshuffles and strategy flip-flops. It has never fully recovered after a state bailout during the last financial crisis more than a decade ago and lost 2.9 billion euros in 2020.