Arab Today, arab today german postbank staff strike fearing sale by deutsche bank
Last Updated : GMT 01:10:16
Arab Today, arab today
Arab Today, arab today

German Postbank staff strike, fearing sale by Deutsche Bank

Arab Today, arab today

Arab Today, arab today German Postbank staff strike, fearing sale by Deutsche Bank

German bank Postbank
Berlin - AFP

Staff at German bank Postbank launched an indefinite strike Monday in eastern parts of the country, amid growing speculation parent company Deutsche Bank plans to sell off the subsidiary.

Branches stayed closed in parts of Saxony, Saxony-Anhalt, Thuringia and Brandenburg states while hundreds of employees were to rally in Berlin, said services union Verdi.

The bank's 9,500 branch employees are demanding job guarantees beyond a possible sale of their bank until the end of 2020, as well as a five-percent wage rise and other benefits.

"The employees have been deeply unsettled by the ongoing speculation about the future of Postbank and/or of the entire retail banking business," said the union in a statement.

Union spokesman Christoph Meister said "the employer's refusal to offer job protection has caused major emotional stress for the employees", making them all the more determined in their demand.

The supervisory board of Deutsche Bank, which acquired Postbank in 2008, meets on Friday, German press has reported.

The banking giant is set to announce a revised strategy next week, along with its first quarter results.

Business Handelsblatt reported last week that two models would be presented to the Deutsche Bank board -- one proposing the sale of Postbank, the other to split off Deutsche Bank's consumer banking sector.

News weekly Der Spiegel on Saturday reported that Postbank would likely be sold, saying the board preferred this option to splitting off the retail banking sector.

A Deutsche Bank spokesman however said that "reports that a decision has already been taken (are) wrong", insisting that the banking giant was weighing several options.

Postbank, formerly part of German mail service Deutsche Post, was privatised in 1995 and listed on the Frankfurt Stock Exchange before being swallowed by Deutsche Bank.

It claims 14 million customers in Germany and posted a net profit of 278 million euros ($299 million) last year, compared to 1.7 billion euros for the Deutsche Bank Group as a whole.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german postbank staff strike fearing sale by deutsche bank Arab Today, arab today german postbank staff strike fearing sale by deutsche bank

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday