LSE says Deutsche Boerse merger could mean 1,250 job cuts
Thu, Jun 02, 2016 - 5:50 AM
Deutsche Boerse has slipped down the rankings of global players over the last 10 years as rivals merged. Should the LSE deal fail, the bourse would need to look around for other partners.
LONDON Stock Exchange Group said its planned US$30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to US$279.48 million in revenue benefits a year.