Reuters reports that the bank announced in November that it was cutting the size of its management board to seven members from nine as part of a broader restructuring to cut costs. Sieber challenged the move.
'Commerzbank acknowledges the court's ruling but will consider making an appeal', the bank said in a statement on Wednesday, adding that it remains convinced its action to cut the size of the board was formally correct.
As part of its cost-cutting effort, Commerzbank is shedding 5,200 of its workforce of around 45,000.
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