Deutsche Bank Confirms 2,000 Job Cuts and Branch Closures in 2025
As part of its 'Deutsche Bank 3.0' restructuring program, the bank aims to improve profitability through workforce reductions and operational streamlining.
- Deutsche Bank will cut approximately 2,000 jobs this year, focusing on its private banking division.
- The bank plans to significantly reduce its branch network, including closures at both Deutsche Bank and Postbank locations.
- These measures are part of the 'Deutsche Bank 3.0' strategy, which aims to enhance profitability and operational efficiency.
- Funds have already been allocated to cover the costs associated with the planned job cuts.
- This follows the closure of 125 branches in 2024 as part of earlier cost-cutting initiatives.
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