Buba declines comment on job cuts report

GERMANY - The Bundesbank on Wednesday declined to comment on a newspaper report it would have to slash 6,000 jobs or around a third of its workforce under a reform aimed at streamlining its structure.

German daily Boersen Zeitung reported the Bundesbank would cut its workforce by 30-40 percent by 2010 via redundancies and early retirement, cutting its staff to 10,000 from 16,000 people.

Citing sources, the newspaper said an earlier estimate that ten percent of jobs would have to go was "much to