FRANKFURT: A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility.
"Some 20,000 or more positions could come under fire," Frank Bsirske, chief of Verdi and a supervisory board member at Deutsche Bank, told German newspapers Stuttgarter Zeitung and Stuttgarter Nachrichten.He said the two lenders were not a good fit for each other, while a crossover in an international direction would make more sense for them.
Merging the German banks' operations would create overlap in retail and business customer segments, leading to problematic conditions from the workers' point of view, he added.Advertisement
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank on Sunday was set to announce merger talks with Commerzbank , according to a person with knowledge of the matter.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Merger of Deutsche Bank, Commerzbank could cost 20,000 jobs: Union chiefA merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Why Germany wants a merger to underpin Deutsche BankDeutsche Bank on Sunday was set to announce merger talks with Commerzbank , according to a person with knowledge of the matter.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Explainer: Why Germany wants a merger to underpin Deutsche BankThe German government has pressured Deutsche Bank into merger talks with state-backed Commerzbank amid concerns for the health of the country's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Two top shareholders skeptical of Deutsche-Commerzbank merger: sourcesShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Germany's Verdi union opposed to Deutsche-Commerzbank mergerGermany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Germany's Verdi union opposes Deutsche-Commerzbank mergerGermany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »