Deutsche Bank Plans About Half Its 18,000 Job Cuts in Germany

The video discusses Deutsche Bank's strategy to adjust its retail banking operations in Germany, highlighting the challenges of job cuts due to strong labor protections and union negotiations. It also examines the impact of Brexit on job reductions in London, predicting significant workforce changes.

What is the main challenge Deutsche Bank faces in adjusting its retail banking in Germany?

• Lack of digital infrastructure

• Difficulty in cutting jobs due to labor laws

• Strong competition from other banks

• High operational costs

Why is it difficult for banks in Germany to reduce their workforce?

• Government restrictions on layoffs

• High costs and need for works council agreements

• Lack of skilled workers

• Public opposition to job cuts

What role do works councils play in the job reduction process in Germany?

• They provide financial support for laid-off workers

• They often oppose and can sabotage job cuts

• They facilitate the process by negotiating with employees

• They have no significant role in the process

How is Brexit expected to affect Deutsche Bank's operations in London?

• It will improve the bank's profitability

• It will lead to an increase in jobs

• It will have no significant impact

• It will result in significant job cuts

What percentage of Deutsche Bank's workforce is targeted for reduction?

• 20%

• 25%

• 15%

• 10%