Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across t...
HONG KONG/LONDON/NEW YORK - Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.
At the bank’s Wall Street office, staff impacted by the cuts were summoned to the cafeteria to learn of their fate. A notice inside the building’s lobby told staff the cafeteria would be closed until 11.30 a.m. EST. Another employee, who asked not to be named, said the bank held a short meeting in its auditorium at 9.30 a.m. EST to inform staff of the cutbacks. He said he was later handed an envelope informing him of his redundancy. The staffer said he and his colleagues had known the impending cuts were likely for the past couple of weeks.
A few hours after the Hong Kong staff left, workers were seen leaving Deutsche Bank’s office in the City of London, which along with New York is expected to bear the brunt of the cuts, carrying similar envelopes. “The mood is pretty hopeless right now, especially people who are single-earners or have big financial burdens such as loans to pay,” he added.
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