Bundesbank to cut another 800 jobs

The Bundesbank said Wednesday 13 December it is to cut an additional 800 jobs over the next six years.

The staff losses will occur as the central bank reduces its cash handling activities and adjusts to a reduced role within Europe's monetary union.

Buba had previously announced that staff numbers would be reduced to the equivalent of 9,800 full-time posts by the end of 2010.

That total would fall to 9,000 full time jobs by the end of 2012, it announced.

"Given a share in banknote processing of 5

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