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Despite downsizing: mood German bank employee brightens up


TIME ONLINE | News, backgrounds and debates

Frankfurt / Main (dpa) - Despite the radical corporate restructuring, the mood in the workforce of Deutsche Bank has improved a little this year, according to an employee survey.

According to information from the German Press Agency, half of the world's employees are proud to work at the institute, compared with 47 percent in the previous year. Overall, there were improvements to 36 out of 53 questions. Deutsche Bank did not want to comment on request.

CEO Christian Sewing wrote in an internal mail to the employees: "Many of you think that Deutsche Bank has become a more attractive employer overall - we are particularly pleased about it." The solidarity with the company improved as well as the feeling to be able to contribute.

However, Sewing still sees a lot of room for improvement. "We have to make decisions faster and delegate responsibility better." Nearly half the world's employees participated in the September survey.

Germany's largest financial institution is currently undergoing a radical transformation. The number of full-time jobs is expected to fall by around 18,000 by the end of 2022 to 74,000 worldwide. It is still unclear how much the reduction hits the home market.

The investment banking, which dented the money house billions worthy penalties, is severely truncated. The core of the new Deutsche Bank will be the new division Corporate Bank, which looks after medium-sized companies, family businesses and multinational corporations.

Source: zeit

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