Deutsche Bank is cutting the branch network of its Postbank brand much more closely than previously planned.
By the end of 2023, the number of Postbank branches will decrease from currently around 750 to around 550, said the head of sales for the German private customer business of Deutsche Bank, Philipp Gossow, on Tuesday of the financial news agency dpa-AFX.
Bonn / Frankfurt - This was agreed with the social partners and the business partner Deutsche Post.
So far, the management had about 50 store closings a year in mind.
"We are mostly closing branches in cities so that our customers still have a Postbank branch nearby," said Gossow.
For the 550 branches that will remain at the end of 2023, there will be a location guarantee until the end of 2024.
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With the cuts, more jobs will also be lost.
This mainly affects the employees at the counter, said Gossow.
He did not want to comment on the extent of the job cuts.
However, the dismantling will be implemented in a socially acceptable manner.
In addition, securities advice and the brokerage of installment loans are growth areas for Postbank.
“We are continuing to build staff there.” Dpa