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Commerzbank CEO tells staff job cuts a "bitter pill" - memo

FRANKFURT, Jan 29 (Reuters) - Commerzbank’s new chief executive Manfred Knof told staff that there was no way to avoid a significant reduction in the number of jobs at Germany’s No. 2 lender.

Plans to cut 10,000 jobs were “a bitter pill”, he told staff in a memo seen by Reuters. (Reporting by Tom Sims; editing by Thomas Seythal)

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