Deutsche Bank Using Robots to Replace 18,000 Workers In Radical Restructuring Plan

Deutsche Bank Using Robots to Replace 18,000 Workers In Radical Restructuring Plan
A woman with a umbrella passes a logo of Deutsche Bank on January 29, 2013 in Frankfurt am Main, Germany. Thomas Lohnes/Getty Images
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Deutsche Bank will be replacing 18,000 members of staff with robots as part of its radical restructuring plan, Financial News reports.

Mark Matthews, head of operations for Deutsche’s corporate and investment bank, told the publication that the robot program, named Operations 4.0, is increasing productivity. It has enabled the bank to “redistribute capacity.”

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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