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German unions criticise possible Deutsche Bank job cuts

Deutsche Bank's reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany's largest bank is drawing up plans to cut 10% of its 17,000 domestic retail jobs over the next few years as part of cost saving measures, Reuters and other media have reported. "One can only shake one's head at Deutsche Bank, once again," Stephan Szukalski, chairman of the DBV bank union, said as Claudio de Sanctis prepares to take over as head of the German retail business on July 1.

German labour union criticizes Deutsche Bank job cut plans

FRANKFURT, June 23 (Reuters) - A German labour union on Friday sharply criticized plans by Deutsche Bank to cut jobs at its German retail operations, foreshadowing tough negotiations ahead. Deutsche Bank is drawing up plans to.

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Deutsche Bank gets new employee representative on supervisory board

Deutsche Bank gets new employee representative on supervisory board Toggle share menu Advertisement Deutsche Bank gets new employee representative on supervisory board FILE PHOTO: The logo of Deutsche Bank is pictured on a company s office in London, Britain July 8, 2019. REUTERS/Simon Dawson 06 Jan 2021 09:50PM (Updated: 07 Jan 2021 01:41AM) Share this content Bookmark FRANKFURT: Stefan Viertel has assumed a seat on Deutsche Bank s 20-member supervisory board as an employee representative, according to the bank s website. Viertel, head of institutional cash sales and client management for Hungary, has taken over from Stephan Szukalski, an official with the DBV bank union. Advertisement Advertisement Szukalski was only partly through a five-year term but told Reuters on Wednesday that he had long planned to step down due to the high workload and other priorities of the union.