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Employers dampen expectations ahead of collective bargaining round for private banks

Before the start of collective bargaining for around 135,000 employees of private banks in Germany, the employers side is dampening expectations. The unions salary demands are clearly too high in...
Jan Duscheck Carsten Rogge Strang German Press Agency In Frankfurt Employer Association Of The Private Banking Industry German Bank Employee Association Managing Director

German union verdi calls nationwide strikes at Postbank branches

The German trade union verdi is extending its strikes ahead of the fourth round of negotiations in the wage dispute at Deutsche Bank subsidiary Postbank. On Thursday, in addition to employees in the back-office service units and call centres, verdi is also calling for work stoppages at branches throughout Germany. "This will once again send a clear signal that all employees are behind the demands for a significant improvement in pay and an extension of protection against dismissal," ve...
Jan Duscheck Deutsche Bank Deutsche Bank Employee Association Deutsche Bank Group German Trade Union Wage Dispute
Source: yahoo.com

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Union wants high pay for low-paid bankers

GERMANY’S biggest service sector union is demanding that lenders including Deutsche Bank AG and Commerzbank AG step up pay for low-paid employees to help them deal with rampant inflation and surging energy costs. Verdi wants employers to make two lump sum payments of 1,500 euros ($1,486) each to staff in…
Manfred Knof Jan Duscheck Deutsche Bank Chief Executive Officer Manfred Knof

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