Commerzbank Names Vetter Chairman in Cerberus Setback

The transcript discusses Cerberus's opposition to a new appointment at Commerzbank, highlighting the conflict between Cerberus and the supervisory board. It also covers the future plans under new leadership, focusing on finding a new CEO and implementing deep restructuring and cost-cutting measures.

How does the text describe the bank's need for restructuring?

What plans did the setting steel have regarding workforce cuts?