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Deutsche Bank has taken three -year employment that has reversed almost all steep decrease in jobs imposed by executive director Christian Bewing at the beginning of his term of office, undergoing the scope of the challenge that the bank faces in reducing costs.
Increasing staff is concentrated in roles that do not generate income, shows an analysis of the Financial Times, even when the German lender has invested billions of euros in IT to help automation of some of these functions and simplified bodies of labor.
The soaked staff level was the unspeakable problem of Deutsche, disturbing the bank’s efforts to control the cost. Although the sewing managed to prune 2 percent of the cost-free costs from the end of 2018, increasing revenue by 19 percent-heated, missed, or quitting five times from 2021, recently last month.
At the beginning of the highest restructuring in the 2019 generation, the sewing promised to shave 18,000 jobs of 92,000 strong shafts of the bank by 2022.
The lowest managed 83,000 at the end of 2021.
In three years since then, the number of staff who non-knit has increased by 11 percent, while the number of bankers with the front office has remained stable, taking the total number of Deutsche employees at almost 90,000 levels at the start of sewing the original cuts.
The widespread “Deutsche Bank infrastructure functions – covering human resources, operations, risk, compliance, IT, legal and communication – eventually increased to 58,000 employees at the end of last year, compared to 52,000 at the end of 2022.
The Deutsche Bank reports since 2018 show that staff at the Bank’s front office halved during sewing to 32,000, while the number of workers in the back-offs almost doubled to 58,000.
The lender told FT that his annual posts at job numbers before 2022 were “not comparable” with the current published because he “adjusted the methodology several times during the intervening years.” The jobs that previously counted as the front office are now classified as a back-off.
In Deutsche’s retail unit, which has closed 757 branches on his global network since 2018-he has been struggling with an IT integration of IT integration, an increase in staff in the 2022 Back-Fice. The fall of employees facing clients shows FT analysis.
The bank told FT that the increase in staff in the auxiliary office is partly due to the strengthening of “technology and control”.
For years, he has been struggling to reconcile with regulatory supervision for his compliance, monitoring of transactions and controls against money laundering. Deutsche also needed an additional workforce to work through the backlog of questions related to the problematic migration of the postbank retban on the group systems.
The older banker told FT that the internal flow of work became unusually slow and bulky. “In some cases you need more than 50 signatures just to install one new supplier,” they said. Deutsche Bank challenges the signature number, stating that “often several signatories are enough.”
The bank also said she replaced expensive external IT performers with her own employees. Although this increased the number of people employed directly by the bank, Deutsche said it was cheaper to hire them in the home.
In 2024, the bank reduced 3,500 jobs and replaced 1,800 performers, his latest submissions show. At the same time, she hired 1,300 “Technical Experts” and 400 staff she brings in revenue. The total number, however, only decreased by 400.
