SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Deutsche Bank flags, hr

Hong Kong job cuts rumoured at Deutsche Bank



Mark your calendars as the crowd's favourite candidate and employee experience conference, Talent Experience Forum is back!
Happening only in KL, Malaysia on 5 November. Register your seat early because you will be hearing top insights from C-suite and senior HR leaders from Dell, Digi, GoCar, IPG Mediabrands, Nestle, Tesco, Unilever and more.

Deutsche Bank started laying off staff in Hong Kong on Tuesday, local news media report based on sources familiar with the matter. According to reports, both analysts and sales managers and especially those in more senior roles are affected.

When contacted by Human Resources magazine, the company declined to comment.

Last week, the news broke that the bank plans to cut up to 17% of its equities staff and 6% of its fixed-income staff globally, with the Wall Street Journal (WSJ) reporting that many employees would receive their notice this week.

The ongoing cuts are part of Deutsche Bank’s current business plan which includes eliminating 9,000 jobs globally between 2015 and 2018. In June last year, the bank eliminated about 3,000 full-time positions, and earlier this year employees were warned of more job cuts to come.

ALSO READ: How banks are driving talent away

Photo / Deutsche Bank



Back in Hong Kong for its fourth year on September 5 at the Hotel ICON, Learning and Development Asia is bigger and better than ever before and earned its reputation as the most influential L&D strategy event in Asia.
Book your tickets now!
Contact us now for an amazing group discount

Read More News

in All markets by

The perfect lunch to keep fit

Researchers followed 80 overweight women for 12 weeks to find out how many calories one should eat at lunch to drop the pounds. ..

in Singapore by

Aerospace sector flies high

Hiring intent has skyrocketed in the local aerospace industry, as the sector’s growth has doubled in size over the last 10 years. ..

Trending

Leave a Reply

You must be logged in to post a comment.