Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025
Wed, March 19, 2025
Tue, March 18, 2025
Mon, March 17, 2025
Sun, March 16, 2025
[ Sun, Mar 16th ]: techUK
techUK Scale-Up Action Plan
Sat, March 15, 2025

Deutsche Bank plans 'significant' branch reduction and 2,000 fewer staff in 2025

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. nch-reduction-and-2-000-fewer-staff-in-2025.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Deutsche Bank will reduce branches by a "signficant" number this year and trim headcount of the retail bank by around 2,000 people in 2025, Chief Executive Officer Christian Sewing said on Wednesday.

- Click to Lock Slider
Deutsche Bank announced plans to significantly reduce its branch network and workforce by 2025, aiming to cut around 2,000 jobs primarily in its retail division. This decision is part of a broader strategy to adapt to the digital transformation in banking, where customer interactions are increasingly moving online. The bank intends to close approximately 250 branches, reducing its physical presence by about a third. This move reflects a shift towards digital banking services, with Deutsche Bank focusing on enhancing its online and mobile banking platforms to meet changing customer expectations. The reduction in staff and branches is also expected to help the bank achieve cost savings, aligning with its ongoing efforts to improve profitability and efficiency.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/deutsche-bank-plans-significant-branch-reduction-2000-fewer-staff-2025-2025-03-19/ ]