On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
44° Feels Like: 42°
Wind: WSW 5 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

Mostly Sunny 58°

Tonight

Mostly Clear 38°

Tomorrow

Mostly Sunny 67°

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