postbank
Germany's Postbank and trade unions have reached a wage deal after almost three months of talks and repeated strikes, the company and unions announced on Thursday. In the fifth round of negotiations on Wednesday, unions and employers agreed on salary increases in two stages as well as an extension of protection against dismissal until the end of 2027. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. Customers can breathe a sigh...
DPA
Germany's Postbank and trade union leaders have reached a wage deal after almost three months of talks and repeated strikes, the company and unions announced on Thursday. In the fifth round of negotiations on Wednesday, unions and employers agreed on salary increases in two stages as well as an extension of protection against dismissal until the end of 2027. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. Customers can breathe...
DPA
German lender Deutsche Bank expects ongoing litigation concerning its acquisition of postal service retail bank Postbank to affect second-quarter and full-year profitability. The Higher Regional Court of Cologne on Friday assessed claims from former Postbank shareholders contending that a higher offer price should have been paid in connection with Deutsche Bank's voluntary takeover offer in October 2010. The total value of the claims, inclusive of accumulated interest, is estimated at around €1.3 billion ($1.4 billion). The court's indications during the hearing suggest potential validity in s...
DPA
Trade union leaders have asked workers at Germany's Postbank to authorize indefinite strikes against the bank after the latest round of collective bargaining talks fell short of a deal on wage and job security demands. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. If workers authorize further action against Postbank, then renewed strikes could begin anytime after May 3, according to DBV. There have already been a number of s...
DPA
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," verdi negotiator Jan Duscheck said on Tuesday in Berlin. Strikes have already been taking place in the back offi...
DPA
The German trade union verdi is keeping up the pressure with further strikes ahead of the third round of collective bargaining for the postal bank, Postbank, verdi announced on Thursday. Employees in branches and call centres across Germany are once again being called out on strike for Friday and Saturday, verdi said. "We expect a significantly improved offer from the employers in the next round of negotiations," verdi negotiator Jan Duscheck said. The negotiations are to continue on Monday in the city of Frankfurt. Verdi is demanding 15.5% more money for around 12,000 employees in the Deutsch...
DPA
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