How does the text describe the bank's need for restructuring?
Commerzbank Names Vetter Chairman in Cerberus Setback
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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.
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What plans did the setting steel have regarding workforce cuts?
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