30,000 Jobs At Risk In Deutsche Bank, Commerzbank Merger

Credit: Rumble
Published on March 18, 2019 - Duration: 00:47s

30,000 Jobs At Risk In Deutsche Bank, Commerzbank Merger

FRANKFURT (Reuters) - 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.

โ€œSome 20,000 or more positions could come under fire,โ€ Frank Bsirske, chief of Verdi and a supervisory board member at Deutsche Bank, told German newspapers Stuttgarter Zeitung and Stuttgarter Nachrichten.

Merging the German banksโ€™ operations would create overlap in retail and business customer segments, leading to problematic conditions from the workersโ€™ point of view, he added.

Advertisement

You are here

Recent related videos from verified sources

Commerzbank aims for major job cuts, branch closures 01:03
Credit: Reuters Studio - Published 3 days ago 

You might like