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And that's it:
Commerzbank wants to close 38 of 78 branches in Baden-Württemberg alone
Photo: Marius Becker dpa / lhe
The clear cut in the Commerzbank branch network is becoming more specific: the list of branches that will be closed nationwide is available, the institute confirmed on Wednesday.
The bank plans to close 240 branches in Germany this year.
She wants to start doing this in October.
The day before, the Frankfurt-based MDax group had provided information on a regional level.
Under the new CEO,
Manfred Knof
(55), the
money house is
radically changing. By the end of 2024, the number of full-time positions across the group is to be reduced from around 39,500 to 32,000. The branch network in Germany will be almost halved from 790 to 450 locations. The downsizing of branches in Germany should be completed in 2022. Bank customers are increasingly using digital offers to carry out banking transactions, which is why a number of institutes are reducing their branch networks. manager magazin had already reported at the beginning of the year about the plans for job cuts and branch closings.
The bank did not make a complete list of the 340 Commerzbank locations affected. A spokesman confirmed information from media reports for individual federal states and regions. Accordingly, the Commerzbank closes in
Berlin
8 of 36 branches, in
Baden-Württemberg
38 of 78, in
Hamburg
11 of 27, in
axes
17 of 46, in
Saxony-Anhalt
7 of 23 and in
Schleswig Holstein-
17 of 35. In
Hessen
According to the spokesman, the institute closes 23 branches, in the "Region West", which includes North Rhine-Westphalia and parts of Lower Saxony, 99 locations are on the cross-off list.
It was already clear in January: 200 branches that the bank had to temporarily close at the beginning of 2020 due to the pandemic would no longer be opened after the restrictions were lifted.
more on the subject
Institute on austerity course: Commerzbank surprises with quarterly profit
Manfred Knof's restructuring plan: Commerzbank boss wants to halve the number of branches by Katharina Slodczyk
With the tough austerity course, Knof, who took over the management of the bank on January 1, wants to put Commerzbank back on the road to success after a billion-dollar loss in 2020.
The framework for cutting thousands of jobs in Germany has already been agreed with the employee representatives, and by the end of the year management wants to clarify how the business areas will be tailored in the future.
The Executive Board wants to avoid redundancies for operational reasons, but does not rule them out.
rei / DPA
