Overview

• Deutsche Bank has confirmed plans to eliminate approximately 2,000 jobs this year as part of ongoing cost-saving measures.
• The restructuring includes a significant reduction in the number of physical branches, continuing a trend of closures in recent years.
• CEO Christian Sewing stated that the costs for these job cuts have already been allocated in the bank's budget.
• Negotiations with the works council are ongoing regarding the planned branch closures and their implementation.
• The bank is shifting its focus toward digital services, emphasizing video and telephone consultations for private customers.