German bankers brace for more cuts


NEW YORK: After lenders in Germany have already slashed about 188,000 jobs since the year 2000, many employees are now increasingly seeing digitalisation as the next big threat to employment.

In the country’s private banking industry alone, around 40% of employees believe that digitalisation will worsen long-term job security over the next two years, according to a study by the employers’ association seen by Bloomberg.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , German , cuts , bankers

   

Next In Business News

Property market recovery on the horizon
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
Bank asset values in UK face 5% hit this decade
Nasa chief asks nations to work together on climate change
AI memory boom propels SK Hynix’s numbers
NYCB faces tough choices on CRE loans, balance sheet diversification
Battery stocks’ rally in India likely to extend
Ford profit up on sales of commercial vehicles
Congo accuses Apple of using ‘blood minerals’ from war-torn east

Others Also Read