Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
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
Job loss
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.