BERLIN, April 4 Commerzbank AG,
Germany's second-largest bank, has informed its works council
that 7,800 jobs will be cut in Germany as part of a
restructuring announced last year, the Handelsblatt newspaper
reported on Tuesday.
Citing an internal document from the works council,
Handelsblatt said the cuts would affect almost every part of the
bank and said more information was needed before it could engage
Commerzbank said last September it planned to cut 9,600
jobs, more than a fifth of its workforce, but trade union Verdi
has said the total would actually end up being lower due to
already agreed cuts and the usual process of staff attrition.
(Reporting by Emma Thomasson; Editing by Greg Mahlich)