Dresdner Kleinwort Wasserstein (DrKW) may shed more jobs than expected as part of a far-reaching restructuring plan at Dresdner Bank.

DrKW was previously expected to cut 1,000 jobs as part of a 3,000-strong cull across Dresdner. Bernd Fahrholz, chairman of the board at Dresdner, said on Thursday that DrKW might cut up to 1,200 full-time staff as part of a new 'Turnaround 2003' plan that aims to make the bank profitable.