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Deutsche Bank announces retirement of Chile due to adjustment measures

ARCHIVO | Elliott Brown (cc)
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The giant German banking, Deutsche Bank, revealed last Thursday that is going to suppress 9000 jobs, and it will be retire of 10 countries, five of those of Latin America, as part of a massive restructuring of the group. One of those is Chile.

“Not everything is going to be sugar and honey”, said the president John Cryan, in a press conference in Frankfurt. The British man, and ex-employee of the UBS Swiss bank, made his first public appearance since he assumed in July.

Cryan announced the elimination of 9000 jobs, between them 4000 in Germany. The group will suppress 6000 jobs of external consulting and is going to cede almost 20.000 jobs in the coming two years.

The first German bank will finish its local activities in Argentina, Chile, Mexico, Perú, Uruguay, Denmark, Finland, Norway, Malt and New Zeland.

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