Market Data Staff Escapes Commerzbank’s Cuts


Commerzbank’s market data staff within Investment Banking ITwill not be affected by the latest round of job and budget cuts this year, a spokesperson says.

The bank is planning to make over 3,000 job cuts over the next year, half of which will affect central staff units, including IT, back-office and administration.

However, redundancies in Investment Banking IT, where about a quarter of all the banks’ IT staff work, were made last year, and there are no plans for any additional major cutback

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