On Air Now

Listen

Listen Live Now » 100.3 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
65° Feels Like: 65°
Wind: SW 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

PM Thunderstorms 76°

Tonight

Clear 56°

Tomorrow

Mostly Sunny 80°

Alerts

Commerzbank to cut around 3,000 jobs by 2016: trade union

The logo of Germany's Commerzbank is pictured at the bank's headquarters in Frankfurt May 10, 2013. REUTERS/Lisi Niesner
The logo of Germany's Commerzbank is pictured at the bank's headquarters in Frankfurt May 10, 2013. REUTERS/Lisi Niesner

FRANKFURT (Reuters) - Germany's trade union Verdi on Wednesday said it estimated that around 3,000 jobs will be cut at Commerzbank by 2016 under a negotiated severance deal.

The trade union was negotiating job cuts in Germany. The 3,000 cuts do not include staff reductions at Hypothekenbank Frankfurt, a unit formerly known as Eurohypo.

(Reporting By Edward Taylor)

Comments