Deutsche Bank German staff said to face bonus cuts, pay freeze

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Around half of Deutsche Bank's Germany staff are said to receive cuts.

Reuters reports that Deutsche Bank is planning to cut the amount awarded in bonuses this year and freeze the pay of staff not on its in-house collective labour agreement, German daily Sueddeutsche Zeitung reported on Thursday.

The cuts to bonuses will be dependent on business area, the paper reported, citing informed sources, adding the pay freeze would affect around half of Deutsche Bank's staff in Germany.

Hit the link below to access the complete Reuters article:

Deutsche Bank plans to cut bonuses - Sueddeutsche Zeitung

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