"The job cuts must be done in a socially responsible manner," said Uwe Tschäge, chairman of the general and group works council, the "Handelsblatt" (Wednesday edition). The bank had to choose a reasonable period of time and provide enough money for partial retirement models and similar instruments.
"There must be no redundancies, we will fight for that," said Tschäge, who is also the deputy chairman of the supervisory board. He urged the federal government to also campaign for a socially responsible job cuts. "The SPD, in particular, has to work in the federal government to ensure that Commerzbank employees are treated properly." The federal government is the largest Commerzbank shareholder with a stake of 15,6 percent. Commerzbank plans to present its new strategy at the beginning of August at the latest.