Commerzbank plans drastic job cuts - thousands of positions in danger!

Commerzbank plans drastic job cuts - thousands of positions in danger!

Wilhelm-Leuschner-Platz 12, 04107 Leipzig, Deutschland - The Commerzbank plans to reduce around 3,900 full -time positions by the end of 2027 to increase their competitiveness and to avert a possible takeover from the Italian UniCredit. Of these, 3,300 jobs in Germany are eliminated, as far as the headquarters and locations in Frankfurt are concerned. In these areas, staff functions and back office positions are particularly affected. As a result, the staff in the world should remain with 36,700 full-time forces, reports bnn.de .

The CEO Bettina Orlopp pursues the goal of increasing profits by 2028 from EUR 2.7 billion to 4.2 billion euros. In the current year, however, a decline in profits is expected to EUR 2.4 billion, due to dismantling costs of around 700 million euros. In order to achieve these ambitious goals, the bank also wants to reduce its cost quota from 59 percent of the income to around 50 percent last year. The planned high profit distributions over 100 percent of the surplus for 2025 are also part of the strategy. The distribution rate for the years 2026 to 2028 depends on the successful implementation of this strategy and the economic environment.

takeover rings and their influence

UniCredit currently holds about 28 percent of the shares in Commerzbank and shows interest in a takeover, but this has not yet resulted in a specific offer. Andrea Orcel, the CEO of Unicredit, is interested in an increase in the proportion. From a share of 30 percent, Unicredit would be obliged to submit a public takeover offer. UniCredit currently holds 9.5 percent of the shares and has access to a further 18.5 percent through financial instruments, such as

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