Commerzbank (CRZBF.PK, CRZBY.PK) will slash more than 5K jobs as part of its cost-cutting...

|About: Commerzbank AG (CRZBF)|By:, SA News Editor

Commerzbank (CRZBF.PK, CRZBY.PK) will slash more than 5K jobs as part of its cost-cutting program, reports Reuters, which adds the bank has reached preliminary agreement with labor unions over the implementation of said cuts. Shares +1.2% in Frankfurt.