Bloomberg News

Deutsche Bank May Face Strikes on Postbank Comparison, Welt Says

April 11, 2012

Deutsche Bank AG (DBK) may face strikes at its four biggest subsidiaries as worker representatives demand more vacation and shorter working hours to bring them into line with staff at the lender’s Postbank unit, Welt said, citing Stephan Szukalski of the DBV financial services union.

Postbank staff work 39 hours a week and are entitled to 30 days vacation, while workers at the Deutsche Bank (DBK) subsidiaries have a 42-hour week and can take just 27 days off, the newspaper said. The DBV canceled the industrywide wage agreement at the end of March, Welt said.

Negotiations on behalf of the 4,000 to 5,000 workers will begin next month, Welt reported.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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