Deutsche Bank, Commerzbank Unions United in Opposition to Merger
Deutsche Bank and Commerzbank are in the midst of finalizing their merger. Employee and Labor representatives are not in support of the merger as they believe the cons would outweigh the pros. The purpose of the merger is to strengthen the company's financial standing as they both have been struggling in recent years. However, thousands of positions may be at risk should the merger go through, which will severely harm the company. Labor representatives from Deutsche bank estimate that 30,000 positions may be cut as a result.
See "Deutsche Bank, Commerzbank Unions United in Opposition to Merger", Steven Arons, Nicholas Comfort, Bloomberg Law, March 14, 2019