German bank HRE axes 1,000
June 22, 2009 by
Filed under Daily Alerts
BERLIN – GERMAN bank Hypo Real Estate said on Monday it would cut 1,000 jobs and expected to lose hundreds of millions of euros in the second quarter of 2009 due to the world economic crisis.
‘In two steps, the personnel will be reduced by about 1,000 employees in total’ by 2013, the bank (HRE) said in a statement.
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