Agence France-PresseJune 18, 2013 05:30
Management and employees' representatives at Commerzbank, Germany's second-biggest bank, have agreed in principle on cutting more than 5,000 jobs worldwide, according to a German newspaper report on Tuesday.
The Handelsblatt business daily, citing sources close to the negotiations, said the jobs would be slashed over the coming years.
The work's council is due to vote on the agreement Wednesday, it added.
The bank declined to comment on the report when asked by AFP.