Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

500 jobs
Number of planned job losses
Job loss
1,000 jobs
Number of planned job creations
Job creation
Announcement Date
19 June 2013
Employment effect (start)
20 June 2013
Foreseen end date
31 December 2016


Commerzbank will cut up to 5,200 jobs by the end of 2016. On 19 June 2013, the company and the works council reached an agreement over the previously announced restructuring plan (see Commerzbank-DE2013a, Commerzbank-WO2013).

According to the agreement, 3,900 job cuts will take place in the bank's German core business operations and branch offices. Out of these, 1,800 jobs will be shed in the private customer services.

During the winter, 800 job cuts had already been announced in the bank’s non-core assets unit and 500 more for its domestic and abroad subsidiaries. There will be no direct dismissals and the bank will set up an internal job transfer agency. Moreover, the bank announced the creation of 1,000 new jobs as part of the restructuring plan. 


  • 19 June 2013: Commerzbank (press release)
  • 19 June 2013: Handelsblatt
  • 19 June 2013: Suddeutsche
  • 19 June 2013: Bloomberg


Eurofound (2013), Commerzbank, Internal restructuring in Germany, factsheet number 75530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75530.