Germany's Warburg bank to cut quarter of its workforce by 2027

NAMPA / DPA

2025-06-12

Hamburg (dpa) - German private lender Warburg is planning to cut some 25% of full-time jobs as it moves to abandon its capital market business, a spokeswoman from the bank said on Thursday. The Hamburg-based bank is to reduce its workforce from 550 full-time employees to some 400 by 2027, she said, adding that negotiations with employee representatives have begun. The bank's IT department alongside other divisions will also be affected, according......

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