Germany will cut 9000 jobs and cancel the dividend this year

Germany will cut 9000 jobs and stock dividends this year canceled U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks 27 Reuters news Beijing, a person close to the German commercial banks (CBKG.DE) board of supervisors of the news people said on Tuesday, which will be in the future a few years of layoffs of about 9000 people, and will cancel the 2016 stock dividends, the move is to cut costs in the negative interest rate environment. The sources said the layoffs will continue in the next few years, the longest no more than 2020, but the scale of layoffs is equivalent to the total number of employees nearly 1/5 German banks, that can not be ruled out will be compulsory redundancies. The bank is Germany’s second largest bank. Layoffs are far greater than previously had measures, the source said. The source also said that the adjustment estimates will cost about 1 billion euros, Commerzbank plans to cancel the 2016 stock dividends, to help pay for these expenses. Commerzbank declined to comment. After the addition of informed sources told Reuters that German bank CEO Martin Zielke will this week to submit to the board of supervisors layoffs, is expected on Friday announced plans. The newspaper quoted unnamed (Handelsblatt) first financial industry sources reported that German banks will cut 9000 jobs and cancel the dividend. 1027GMT, Commerzbank shares fell 2.8%, traders said, this is the impact of market prospects to cancel the dividend, originally expected the bank will pay 0.2 euros per share dividend this year. As of the end of 2015, the total number of employees due to bank for 51300 people, of which 45400 were full-time employees. (source: Reuters Chinese network editor: Derek Cong)相关的主题文章: