The labor representatives on Deutsche Boerse AG's (DB1.XE) supervisory board Tuesday voted against a merger with U.S. stock exchange operator NYSE Euronext (NYX), due to fears about the German company losing influence through a trans-Atlantic merger, a person familiar with the matter told Dow Jones Newswires Wednesday.

The majority of Deutsche Boerse's supervisory board voted in favor of the deal, however, and Deutsche Boerse and NYSE Tuesday confirmed they had signed a deal that will create the world's largest shares and derivatives trading platform. The merger is expected to close by the end of the year.

Deutsche Boerse's labor representatives last week voiced concerns that a merger, which would make NYSE Chief Executive Duncan Niederauer CEO of the newly merged company, could result in lost jobs for Deutsche Boerse and a shift of management power to New York.

German companies are required by law to host labor representatives on their supervisory boards.

A Deutsche Boerse spokesman declined to comment.

-By Ruediger Schoss, Dow Jones Newswires; +49(0)6929725515; ruediger.schoss@dowjones.com
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