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Verdi union speaks out against any Deutsche Bank, Commerzbank merger

FILE PHOTO: The Deutsche Bank app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/File Photo

FRANKFURT (Reuters) - Germany's Verdi labour union on Tuesday voiced concern over any possible merger between Germany's largest banks – Deutsche Bank DBKGn.DE and Commerzbank CBKG.DE.

Jan Duscheck, head of Verdi’s banking division, said that any possible merger would lead to big job cuts.

Speaking to journalists, Duscheck also said that the union did not see any added value from a possible merger between the two banks.

Reporting by Tom Sims; editing by Thomas Seythal

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