The two largest private banks (Commerzbank and Deutsche Bank) are negotiating a merger that may cause up to 30000 jobs lost. Especially employees of the smaller Commerzbank fear to lose their jobs. Union Ver.di therefore declines the possible merger. Rolling warning strikes are announced as of March 28, 2019. First in Frankfurt and different cities every following day. The largest shareholder of both banks, Blackrock, so far is not convinced that the proposed merger will solve any problems.
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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI