Commerzbank is further reducing its branch network in Germany. Instead of 450 locations, the Management Board is now only relying on a good 400 branches, as became known after consultations between the management and the Supervisory Board. Verdi union secretary Stefan Wittmann, who is a member of the Commerzbank supervisory board, said: “We support it. Customer behavior is changing. Due to the reduction in staff, there are no longer enough qualified consultants available. It is therefore logical to increase the number of branches further reduced to around 400.” Most of these are closed branches that are no longer open after the corona pandemic.
Commerzbank – Around 50 fewer branches – Economy
