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.
Staff leaving in Hong Kong were holding envelopes with the bank’s logo. Three employees took a picture of themselves beside a Deutsche Bank sign outside, hugged and then hailed a taxi.“The equities market is not that great so I may not find a similar job, but I have to deal with it,” said another. “People have been planning their next moves but it’s a tough market,” the person said, speaking on condition of anonymity.
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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