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Workers at Deutsche Bank's Postbank may strike in wage row - union
October 22, 2017 / 11:02 AM / in a month

Workers at Deutsche Bank's Postbank may strike in wage row - union

FRANKFURT (Reuters) - Workers at Deutsche Bank’s (DBKGn.DE) retail arm Postbank are threatening to stage a strike over a wage dispute, labour union Verdi said on Sunday, ahead of a round of negotiations due to start on Monday.

FILE PHOTO: A giant figure is held by employees of Postbank, members of German union Verdi, during a warning strike in front of the headquarters of Deutsche Bank in Frankfurt, April 24, 2015. REUTERS/Kai Pfaffenbach

“If there is no agreement there could be open-ended strikes,” Verdi’s chief negotiator Jan Duscheck said in a statement, adding that 97.7 percent of balloted workers had voted in favour of industrial action.

Postbank is currently being integrated into Deutsche Bank after Germany’s biggest lender unsuccessfully tried to sell the business, which labour bosses worry could lead to painful cuts.

Verdi is demanding that Postbank extend job guarantees until 2022 and pay around 18,000 workers at Postbank and related units 5 percent more.

Postbank has so far offered an extension of guarantees until 2019 and a 2.5 percent pay hike in two steps.

Talks had collapsed last month, but Verdi said earlier this week that Postbank’s management had signalled it would present an improved offer when talks resume on Monday. Postbank has declined to comment on whether it planned to make a new offer.

Reporting by Maria Sheahan; Editing by Toby Chopra

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