Bloomberg News

Commerzbank Must Cut 300 Jobs at Eurohypo, Handelsblatt Reports

March 29, 2012

The European Union ordered Commerzbank AG (CBK) to cut more than 300 of the 1,200 jobs at its Eurohypo public-finance and commercial-property unit, under reorganization measures related to a bailout, Handelsblatt reported, without saying where it got the information.

The exact number of job cuts required has yet to be decided, the newspaper said.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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