Fewer Postbank branches - job cuts
The cuts in the Postbank branch network will lead to job cuts, according to Claudio de Sanctis, Deutsche Bank's Board Member for Private Customers. How many jobs will be affected by the reduction of the current 550 Postbank branches to around 300 by mid-2026 is the subject of discussions with employee representatives.
"The fact is, however, that there is no way around this, even if our aim is to deploy employees in other functions wherever possible," de Sanctis, who is also responsible for Postbank, told the Frankfurter Allgemeine Sonntagszeitung (F.A.S.).
He also wanted to lay the foundations for a growth and success story for the employees today - for the Deutsche Bank brand as well as for Postbank. "I have to act now," said the Board Member for Private Customers, who has been in office since July. "It would be much worse if we did nothing and ended up losing even more jobs. The employee representatives can't want that either." De Sanctis referred to internal evaluations according to which three quarters of Postbank customers hardly ever visit a branch.
In the view of the Board Member for Private Customers, Deutsche Bank's network of currently 400 branches is fundamentally set up correctly today, "even if I don't want to rule out adjustments".
The closure of several Postbank branches due to the proposed network reduction will impact the employment of bank staff. Deutsche Bank's Postbank division, led by Claudio de Sanctis, is considering redeploying employees to other roles within the bank, wherever possible.
Source: www.dpa.com
