Deutsche Bank

Deutsche Bank Staff Go On Strike Over Poor Pay

The call center employees are among the lowest-paid at Deutsche Bank, with starting wages of around $14.45 per hour.

Staff on strike at Deutsche Bank call centre in for the long haul – union

FEB 2, 2021 | REPUBLISHED BY LIT: FEB 3, 2021

FRANKFURT, Feb 2 (Reuters) – Employees on strike at Deutsche Bank’s call centre unit DB Direkt over pay are in it for the long haul, a union official said on Tuesday, signalling more disruption for consumers.

About 650 staff in Berlin and Essen have been on an open-ended strike since Saturday as they seek a 6% pay increase, in a significant escalation of a months-long labour dispute.

The employees are among the lowest-paid at the German bank, with starting wages of around 12 euros ($14.45) an hour, according to union officials.

“The employees are up for a fight,” Roman Eberle, an official with labour union Verdi said.

He said customers trying to get through to the bank were facing up to 45 minutes or longer of waiting time.

“We are inflicting pain on the bank and are curious to see how sensitive the bank is to pain,” he said.

A spokeswoman for Deutsche Bank declined to comment.

The bank has so far countered DB Direkt workers’ wage demands with offers of pay increases of 1.5% in two rounds.

Banks, including Deutsche Bank, have had to rely more on call centres during the coronavirus crisis and also after branch closures to trim costs.

The strike comes as Deutsche Bank is expected to award its higher-earning staff a 20% increase in bonuses for 2020, compared to 2019, a person with knowledge of the matter said last week, in line with an earlier Handelsblatt report.

$1 = 0.8307 euros Reporting by Patricia Uhlig; writing by Tom Sims; editing by Susan Fenton

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Deutsche Bank Staff Go On Strike Over Poor Pay
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