Restructuring events
European Restructuring Monitor (ERM)
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.
Commerzbank AG will shed over 400 jobs at its loss-making investment banking arm, Commerzbank Securities, reducing the division's workforce by a third. According to The Financial Times Deutschland and Handelsblatt, Commerzbank Securities operations in New York and Tokyo would be scaled down dramatically, while jobs would also go in London and Frankfurt.
On 10 November , Commerzbank announced it would axe 900 jobs at its investment-banking operations, close the Tokyo office and scale back volatile parts of its business such as proprietary trading.
Eurofound (2004), Commerzbank Securities, Internal restructuring in World, factsheet number 60734, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60734.