Deutsche Boerse and LSE warn of 1,250 job cuts following merger

Partly offset by creation of 200 new roles

Daniel Flynn
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Deutsche Boerse and LSE warn of 1,250 job cuts following merger

Deutsche Boerse's proposed acquisition of the London Stock Exchange could result in around 1,250 job cuts, the two companies have warned.

According to a prospectus for the merger posted on the LSE's website, the combined firm could see the potential job reductions in its third year as it attempts to cut costs. However, the boards of the two companies also said that over 200 new roles could be created as a result of the merger's proposed growth initiatives, while an additional 350 jobs could also be generated through the use of offshore locations. "These anticipated revenue synergies are expected to arise as a direct result of the merger and could not be achieved independently of the merger," the prospectus said. Acco...

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