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The CEO of Deutsche Bank said he blamed two executives for costly costumes the day the company announced that 18,000 people would lose their jobs.
On Monday, workers at the company's offices in London and New York were photographed tearing boxes of their belongings after announcing a comprehensive restructuring plan.
But two men wearing expensive suit bags caught the public's eye as they left London's headquarters.
It has now been revealed that they are the tailors Ian Fielding-Calcutt and Alex Riley of the high-end clothing company Fielding & Nicholson.
They were there to proceed with the adaptation of two of the general managers who were not affected by the job losses.
President and CEO Christian Sewing said he had personally called the two men to blame them for wearing the suit, a day many had lost so much.
"The fact that someone leaves a tailor come that day is disrespectful," he told the German newspaper Handelsblatt.
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"This behavior is in no way consistent with our values."
He gave no indication as to the possibility of formal disciplinary measures, but added: "I suppose in any case that the two colleagues will not forget my phone call".
Fielding-Calcutt said that the visit of the tailor's visit did not take place at the time.
He added, "I think a lot of people who were fired were traders, who did not wear a suit, and so we continued as usual with our customers, who obviously have not been affected by cuts. "
Deutsche Bank has not specified how many workers in London are losing their jobs, but its 91,500 workers worldwide are expected to be reduced to 74,000.
The job losses are expected to affect Frankfurt, where new labor laws facilitate the dismissal of senior employees.
Deutsche Bank plans to save 5.4 billion pounds a year through job cuts. It has also laid off staff in Sydney, Hong Kong and the Asia-Pacific region.
An employee told the Financial Times: "It's really sad what's happening at the bank right now, but from the management's point of view, I guess that's the way to go."
The Frankfurt-based bank said it would not fire retail employees in Germany against their will until the middle of 2021.
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