Commerzbank confirms plans to cut 4,000-6,000 jobs

By MarketWatch

Germany's Commerzbank AG Thursday said it plans to cut between 4000 and 6000 jobs, with labor negotiations beginning in February, confirming a report by Dow Jones Newswires earlier this month
"In total, the bank plans cuts of around 4000-6000 full-time positions for the group by the year 2016," the spokesman said
Commerzbank said in November that it was planning to make cut costs and to invest more than 2 billion euros ($2.7 billion) in core operations
The specific number of cuts are subject to labor council negotiations, the spokesman added