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Commerz-Bank cuts jobs

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The Commerz-Bank is a big bank in Germany. It does not want a sale to Italy. Uni-Credit is a bank from Italy. The Commerz-Bank has a new plan. It cuts 3,000 jobs by 2030.

A computer program helps with work. This is Kuenstliche Intelligenz. The bank saves money this way. The profit rises by 2030. Bettina Orlopp leads the bank. She trusts her plan. She says: We are better alone.

The profit is very high right now. The bank is strong against a buy. The Gewerkschaft helps the bank. No worker loses the job against their will. The bank uses help for workers to leave.

Uni-Credit owns many parts of the bank. It wants to buy the whole bank. Uni-Credit wants to cut 7,000 jobs. The government does not want the buy. The bank shows to its Aktionaeren: We are worth much.

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Definitions

Kuenstliche Intelligenz
A computer program does work like a human.
Aktionaeren
People who own a part of a company.
Gewerkschaft
A group that helps workers with their rights.

People

Bettina Orlopp
She is the boss of the Commerz-Bank.

Locations

Germany
The country where the bank is based.
Italy
The country where the bank Uni-Credit is based.

Sources

Logo ORF
ORF

Commerzbank stemmt sich mit Jobabbau gegen UniCredit

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Logo Stern
Stern

Drohende Unicredit-Übernahme: Commerzbank kündigt Abbau von 3000 weiteren Stellen an

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Logo Die Presse
Die Presse

Wie ein Stellenabbau der Commerzbank bei ihrem Abwehrkampf gegen die Unicredit helfen soll

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Logo Standard
Standard

Commerzbank stemmt sich mit Jobabbau gegen Avancen der Unicredit

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