Deutsche Bank : the executives are to make costumes luxury open-plan layoffs

the CEO of The German giant Deutsche Bank has had to explain on Friday in the press on the behavior of executives who, in full wave of layoffs, were cut costume

Deutsche Bank : the executives are to make costumes luxury open-plan layoffs

the CEO of The German giant Deutsche Bank has had to explain on Friday in the press on the behavior of executives who, in full wave of layoffs, were cut costumes of luxury in their office.

Monday, while their colleagues were in their boxes after the announcement of the removal of 18,000 jobs in the world, two officials of the bank in London have come to a tailor to order costumes to 1500 lbs each (1670€). The story made a great noise in the press, british in particular.

" ALSO READ - Deutsche Bank removes the 18,000 jobs

"I can't understand that someone calls his tailor on Monday to try on costumes when, on the same day, many of their colleagues had to leave," assured the CEO, Christian Sewing, in the German daily Handelsblatt.

He said they had called the two people contested for the reprimand and said that their behaviour did "not represent the values" of the company.

Deutsche Bank is enmeshed in a multitude of scandals since the financial crisis of 2008 that cost him huge sums. The bank announced on Sunday the removal of a fifth of its workforce to reduce by 6 billion euros in costs by 2022.

" SEE ALSO - A "new departure" for the Deutsche Bank, which removes 18,000 jobs

" ALSO READ - The executive team of Deutsche Bank in the hot seat

Certain employees of Deutsche Bank in centres such as Hong Kong, London and New York have been fired the day after the announcement. Last year, the former flagship of the German finance had already deleted 6000 posts.

Updated Date: 16 July 2019, 00:00

Kathleen Lees

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