Commerzbank notifies around 3,000 employees of layoffs

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Commerzbank notifies around 3,000 employees of layoffs
Photo: Michael Probst /AP/TT

The announcement came in conjunction with the bank's quarterly report, which shows a profit of 913 million euros, almost 10 billion kronor. At the same time, the profit outlook for the full year 2026 is being raised.

Commerzbank is in the process of being acquired by Italy's UniCredit, a takeover that company management and some owners, as well as the German state, are trying to block.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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