Deutsche Bank boss says scolded staff for suit fitting amid layoffs

11 Jul, 2019

Germany's largest lender was criticised on social media when tailors were seen leaving its London offices on Monday after a suit fitting, hours after the bank said it would reduce its headcount by 18,000 people.

"I don't understand why someone at our London office on Monday ordered a tailor for custom-made suits," Sewing was quoted as saying in an interview published on Thursday.

"This behaviour is in no way consistent with our values," he told the newspaper.

Asked if the incident would have consequences, Sewing said: "If you see it as a consequence that the CEO personally calls his colleagues and talks to them about it, then yes."

Sewing said the staff concerned would "not forget" his call.

Copyright Reuters, 2019

Read Comments