The Netherlands: Siemens and Prysmian share €420m Cobra Danish-Dutch RE link deal -Recharge

The Dutch and Danish transmission system operators, TenneT and Energinet.dk, have awarded an order to Siemens and Prysmian to supply a subsea 700MW high-voltage direct current (HVDC) 'Cobra' link under the North Sea to transport renewable energy between Denmark and the Netherlands. 

Read more: Siemens and Prysmian share €420m Cobra Danish-Dutch RE link deal -Recharge | Global Renewable Energy News

Germany: Deutsche Bank could cut workforce by 25 percent

Deutsche Bank is considering shedding almost a quarter of its global workforce as it looks to honour pledges to cut costs and streamline its operations.

Some 8,000 jobs could be cut, while the bank has already announced plans to hive off its consumer division PostBank which employs another 15,000 people.

It’s thought that the cuts would mostly affect administrative and technology posts.

Preliminary details of the plan were presented to supervisory board members at the weekend by CEO John Cryan, who took control of Germany’s biggest bank in July promising to tackle what he described as Deutsche Bank’s “swollen” cost base.

Read more: Deutsche Bank could cut workforce by 25 percent | euronews, economy