Motilal Oswal
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Motilal Oswal
Finance

Deutsche Bank to cut 1,950 jobs in Postbank integration

Updated : February 13, 2019 11:43 PM IST

The bank will cut about 750 jobs by 2020 in the joint headquarters of Deutsche Bank's private and corporate clients business, while another 1,200 will go by 2022 in the area of operations, which includes account services and credit settlement, the paper said.
Deutsche Bank is in the process of integrating Postbank, the retail banking business once owned by the German postal service, with its own retail banking operations to save costs.
Deutsche Bank to cut 1,950 jobs in Postbank integration
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