Commerzbank said today that it is confident that an overall balance of interests agreement between employees and employers and a severance scheme agreement can be reached shortly. Therefore Commerzbank expects to book restructuring charges of approximately €810m in Q2 17, which compares to the originally planned €550m for 2017 and 2018 respectively. This provision would cover the full restructuring charges required to realise the personnel reductions for the implementation of the Co
23 Jun 2017
€810m restructuring charges in Q2 17
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€810m restructuring charges in Q2 17
Commerzbank said today that it is confident that an overall balance of interests agreement between employees and employers and a severance scheme agreement can be reached shortly. Therefore Commerzbank expects to book restructuring charges of approximately €810m in Q2 17, which compares to the originally planned €550m for 2017 and 2018 respectively. This provision would cover the full restructuring charges required to realise the personnel reductions for the implementation of the Co