Deutsche Boerse (DB1Gn.DE) will avoid forced layoffs in its planned merger with NYSE Euronext (NYX.N), and employees will choose the merged exchange operator's name, Deutsche Boerse chief executive Reto Francioni has said. Francioni told the Frankfurter Allgemeine Sonntagszeitung newspaper, according to an advance release from Sunday's edition, that a competition had already been started for employees to find a name, one of the sensitive issues in the proposed merger. Concerns have been expressed on both sides of the Atlantic about a loss of influence in either New York or Frankfurt, and politicians and regulators are scrutinising the merger.
Source
