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to eliminate German posts as reported in the press were not new. "We
do not comment on the figures. But we announced last October a plan
to cut 1 ,100 jobs in Europe and at the same time the creation of 2
,500 client advisory posts. That has not changed," a bank spokesman
said. Earlier on Wednesday, the business daily Die Welt had reported
that Deutsche Bank wanted to eliminate or farm out 1 ,300 German
jobs, but without resorting to outright redundancy. In late 2008 ,
Deutsche Bank employed 80 ,000 people worldwide, including almost 28
,000 in Germany, It warned in March however that some jobs might be
cut. The bank appears to have rebounded from the international
financial crisis after suffering a hit last year. In both the first
and second quarters of this year it has posted net profit of more than
one billion euros (1.46 billion dollars) however.
