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Cerberus wants well more than 7,000 job cuts at Commerzbank – Keep Informed

Cerberus wants well more than 7,000 job cuts at Commerzbank

Cerberus wants Commerzbank (CBKG.DE) to cut far more than 7,000 jobs as part of the bank’s efforts to trim costs, a person familiar with the matter said on Tuesday.

Cerberus, one of the bank’s largest investors, has been pressing for big changes at the bank.