The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64.1 - Monetary intermediation 64.19 - Other monetary intermediation
3,000 jobs Number of planned job losses
Announcement Date
8 May 2026
Employment effect (start)
8 May 2026
Foreseen end date
31 December 2030
Description
Commerzbank, a German banking institution, announced the elimination of another 3,000 full-time positions by the end of 2030.
The restructuring aims to improve profitability amid increased shareholder pressure. UniCredit, Commerzbank’s largest shareholder, has signalled a possible takeover and deeper job cuts if performance does not improve, which management opposes. Commerzbank argues the planned redundancies are necessary to boost efficiency and attract investors, while avoiding even larger cuts under a potential takeover.
The works council opposes UniCredit's pressure, which owns about 30 percent of Commerzbank’s shares.
As of the end of 2025, Commerzbank employed 39,867 full-time staff.
The bank’s cost-saving initiative follows earlier reductions and aims to strengthen investor confidence amid takeover pressure from Unicredit. Already in February 2025, the bank announced 3,900 full-time job cuts, mainly in Germany, as part of the same cost-saving programme: Commerzbank 2025 - DE.
Citation
Eurofound (2026), Commerzbank, Internal restructuring in World, factsheet number 300342, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300342.