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Germany's second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets

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Summary
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75% Informative

Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028 .

Germany 's second -largest lender anticipates around 700 million euros ( $730.7 million ) of before-tax restructuring costs in 2025 , targeting a net result of 2.4 billion euros after these charges for the year .

Job cuts will be accompanied by increases in staffing in "selected areas" such as in international locations.

VR Score

83

Informative language

88

Neutral language

51

Article tone

semi-formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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