TCS to acquire Postbank Systems from Deutsche Bank

Tata Consultancy Services (TCS) will be acquiring 100% of the shares of Postbank Systems, the IT unit of Deutsche Bank by the end of the year and all the 1,500 Postbank employees will be a part of TCS. This move can be seen as a part of Deutsche Bank CEO Christian Sewing’s ambitious job-cutting target in which he plans to cut 18,000 jobs.

https://www.business-standard.com/article/companies/deutsche-bank-to-sell-it-unit-to-tcs-moves-closer-to-job-cutting-target-120110901525_1.htmlTata Consultancy Services (TCS) will be acquiring 100% of the shares of Postbank Systems, the IT unit of Deutsche Bank by the end of the year and all the 1,500 Postbank employees will be a part of TCS.

This move can be seen as a part of Deutsche Bank CEO Christian Sewing’s ambitious job-cutting target in which he plans to cut 18,000 jobs.

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