Jobs freeze at Deutsche Bank as troubled lender bids to slash costs following £5.8bn losses in 2015



Deutsche Bank has announced a hiring freeze in a bid to slash costs as traders continue to raise fears over its future.
The embattled German lender is already working through 35,000 job cuts after it lost £5.8billion in 2015. 
In a memo, bank division heads were told to stop recruitment ‘with immediate effect’.
But it did little to ease market jitters, with Deutsche shares dropping 3.4 per cent in German trading yesterday.
RELATED ARTICLES Previous 1 Next Deutsche Bank only passed European Central Bank health test... Troubled Deutsche Bank axes another 1,000 German jobs on top... Sky revolt... read more

 
13 October 2016 in Business, Views: 44
Source: Daily Mail
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31