The Commerzbank had to be cancelled, according to information from the F. A. Z. on Monday evening, for the Wednesday convened a special meeting of the Supervisory Board. The postponement of the meeting of the Supervisory Board on a specific new date for the Hearing on protests by the Verdi trade Union and other employee representatives.
Hanno Mußler
editor in the economy.
F. A. Z.
you complained that the Supervisory Board of important documents will be available. In addition, the employee representatives are warning of an Alliance between the two major shareholders, the Federal government, with 15.6 percent, and the us financial investor Cerberus, the 5 percent of the Commerzbank belong to share. Two weeks ago, Cerberus had been accused with two letters to the Board of management is a failed strategy.
The cost-cutting will come
Commerzbank had placed too much emphasis on growth and in the year of 2016, goals will be missed. The Chairman of the Supervisory Board Stefan Schmittmann had not admitted in his response letter to Cerberus, the profitability of the Commerzbank was satisfactory. Advisor to the Federal government had already proposed for the new year, far-reaching cost-cutting measures, as it had been decided by the Board of Directors in September 2019.
at the Time, he had planned the removal of the 4300 and the closure of 200 stores by the year 2023. As Bettina Orlopp began in February 2020, the office of the chief Financial officer, announced far-reaching cost-cutting measures. You want to actually on 1. July the Supervisory Board inform.
