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Frankfurt / Main (dpa) - According to Verdi, the key points for the planned cutbacks of thousands of jobs have been agreed at Commerzbank.
The framework social plan provides “several instruments to cushion the planned downsizing and to avoid redundancies,” the union announced on Friday.
There was initially no official notification from the bank itself.
According to the union, employees born in 1968 and younger can take eight years of partial retirement or seven years of early retirement.
Anyone who is ready to change within the group should receive a “sprinter bonus”.
In addition, severance offers are also possible.
At the beginning of the year, Commerzbank announced that it wanted to cut the number of full-time positions across the group from almost 40,000 to 32,000 by the end of 2024.
The branch network in Germany is to be almost halved to 450 locations, and the international network is also to be shrunk.
With the austerity course, the CEO Manfred Knof, who has been in office since the beginning of the year, wants to put the institute back on the road to success.
Knof had assured that the management would do everything to avoid redundancies.
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© dpa-infocom, dpa: 210507-99-507045 / 2
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