Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

newsTimeslive reports that Deutsche Bank is cutting back its South African advisory and equities business as part of global restructuring.  

Deutsche Bank’s SA chief Muneer Ismail confirmed on Wednesday that the South African business would be affected‚ but he did not answer specific questions on job losses.  "We are reviewing our advisory and equities footprint in South Africa with a view to scaling back our activities in these areas.  This is part of a wider review of our businesses globally,” he indicated.  Ismail added:  “We remain committed to our South African clients and our on-the-ground presence in South Africa."  Germany’s largest bank is reviewing its global equities business - with media reports on Wednesday suggesting that as many as 10‚000 jobs could be affected worldwide.

  • A short report by Matthew Savides is at Timeslive

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