Wage talks for Deutsche Bank's Postbank staff fail, again
Reuters
Published Apr 17, 2024 08:20
Updated Apr 17, 2024 15:07
By Tom Sims
FRANKFURT (Reuters) -There was no agreement following a fourth round of talks between management of Deutsche Bank (ETR:DBKGn)'s Postbank arm and employee representatives in a months-long wage dispute, the Verdi labour union said on Wednesday.
The negotiations come as Germany's largest lender tries to keep a lid on costs and manage customer service problems at Postbank.
The union has demanded a 15.5% pay increase for the thousands of workers affected and has held a series of strikes in the standoff.
Deutsche Bank raised its offer to a 10% pay increase in two steps during Tuesday's talks, Verdi said.
"The positions are still far apart," said Jan Duscheck, Verdi's chief negotiator and a member of Deutsche's supervisory board.
Deutsche Bank declined to comment.
The union made its initial demand for a 15.5% pay increase in December, a level it says is justified due to the rapid pace of inflation after a previous wage agreement was concluded in 2022.
Union members will now have vote on possible further strikes, the union said.
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Written By: Reuters
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