German second biggest bank to cut thousands of jobs

German second biggest bank has plan to slash thousands of jobs to strengthening its operation.

The Commerzbank it would cut 9,600 banks full time employee. And also it will create 2,300 new jobs in next four years to come. a net total of job decline is of some 7,300.

The banks plan is to reduce full time workforce from 45,000 to 38,000.

The move its worth about 1.1-billion-euro ($1.2-billion) restructure plans which the bank expecting to boost its profits.