Bloomberg News

Deutsche Bank Said to Eliminate 45 Jobs in Japan Equities Unit

September 04, 2012

Deutsche Bank Said to Eliminate 45 Jobs in Japan Equities Unit

The bank cut about 15 jobs in Tokyo yesterday, and plans to tell about 30 people in equity research, sales and trading today that they will be dismissed, said the people, who asked not to be identified as the matter is private. Photographer: Hannelore Foerster/Bloomberg

Deutsche Bank AG (DBK), Germany’s biggest bank, plans to eliminate about 45 jobs in its Japan equities unit, two people with knowledge of the matter said.

The bank cut about 15 jobs in Tokyo yesterday, and plans to tell about 30 people in equity research, sales and trading today that they will be dismissed, said the people, who asked not to be identified as the matter is private. The reductions are part of a global program announced on July 31, they said.

A spokesman for Deutsche Bank declined to comment.

To contact the reporter on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net


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