Deutsche Bank AG has announced that they will be offshoring approximately 60 accounting jobs from Florida to India. Business Insider reports that the move comes as part of a major redesign by the struggling German lender to move back-office employees to lower-cost countries. Several years ago Deutsche Bank moved staff out of New York to cheaper US cities in an attempt to curtail costs. The German lender will be relocating around 60 accounting positions to Mumbai from Jacksonville, Florida. Deutsche Bank is also scheduled to relocate its North American headquarters to NYC's Midtown from Wall Street after a 16-month search.

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CBS News 16 Jul 2019 02:32 CEST

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