Interesting (and sad) news. I always thought Deutsche Bank was one of the best in covering the industry. Today's Aviation Daily reports that Susan Donofrio was let go as a result of this restructuring.
Deutsche Bank cuts 50 jobs in U.S.
Deutsche Bank reportedly has cut its U.S. equities workforce by 6%, eliminating about 50 jobs from the 850-employee division.
As part of the downsizing, the company dropped coverage of several sectors, including airline, aerospace, and phone equipment, according to Bloomberg News. Nine senior research analysts reportedly lost their jobs.
The company was unavailable for immediate comment.