1 Min Read
FRANKFURT, July 13 (Reuters) - Germany's Commerzbank said on Thursday that management and employee representatives had hammered out guidelines for job cuts that were announced last year as part of a major restructuring.
The bank also reiterated that it would book restructuring charges of about 810 million euros ($924.2 million) in the second quarter.
The bank has warned that the expected charges, coupled with weak markets, would cause it to post a loss in the second quarter.
$1 = 0.8764 euros Reporting by Tom Sims; Editing by Maria Sheahan