Deutsche Bank to cut workforce by 15,000

October 29, 2015 8:51 AM

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Deutsche Bank to cut workforce by 15,000

FRANKFURT Deutsche Bank (DBKGn.DE) said it was reducing its workforce by 15,000 as new Chief Executive John Cryan seeks to improve returns at Germany's biggest bank.

The lender said it would axe 9,000 full-time jobs and 6,000 external contractor positions.

Also read: EFG International says to cut up to 450 jobs in BSI integration

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