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Deutsche Bank is cutting the Postbank branch network more radically than planned - job cuts are coming

2021-10-27T07:43:45.413Z


Postbank is accelerating the closure of branches. You don't want to do without them completely, but the branches could look completely different in the future.


Postbank is accelerating the closure of branches.

You don't want to do without them completely, but the branches could look completely different in the future.

Bonn / Frankfurt - Deutsche Bank * is cutting the branch network of its Postbank * brand more radically than originally planned.

By the end of 2023, the number of business outlets is expected to decrease from currently around 750 to around 550.

That said Philipp Gossow, head of sales for the German private customer business of Deutsche Bank, the financial news agency

dpa-AFX

.

Originally, Deutsche Bank only wanted to close 100 Postbank branches by the end of 2023.

The bank has already reached an agreement with the social partners and Deutsche Post to implement the new plans.

The logistics and postal company is a business partner of Deutsche Bank, as its branches often also have branches of the former subsidiary.

Deutsche Bank is slashing Postbank branch network more: location guarantees only until the end of 2024

Deutsche Bank did not announce which Postbank branches will be closed.

According to company information, however, these are mainly located in cities, so that customers have alternative options.

The reason for the tough measure is that more and more bank customers no longer go to the branches, but do their business online.

As this trend continues, more Postbank branches could disappear after 2023.

Because there is only one location guarantee for the 550 remaining branches until the end of 2024.

With the cuts, Deutsche Bank saves not only rental but also labor costs.

Because additional jobs will be lost.

Employees at the counter are said to be particularly affected by this.

How many employees will have to leave the company has not been disclosed.

Deutsche Bank is slashing Postbank branch network more: Consulting centers could replace branches

In principle, Deutsche Bank wants to stick to a branch network, since personal discussions between the bank advisor and the customer are still important for advice-intensive financial decisions such as buying a property.

However, it might not always be a classic bank branch with a counter and ATM.

Low-cost, pure advice centers that only consist of offices are envisaged.

Postbank also wants to offer its customers video advice.

Not only the Postbank is affected by the austerity measures of the Deutsche Bank.

The main brand is also closing locations.

Of the previously around 500 branches with the Deutsche Bank logo, around 400 should be left by the end of this year.

* Merkur.de is an offer from IPPEN.MEDIA

Source: merkur

All news articles on 2021-10-27

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