Negotiations on the social plan
Commerzbank works council: Talks about job cuts before graduation
With the dismantling of thousands of expensive jobs, Commerzbank wants to become more efficient and ward off the desires of the Unicredit. According to the works council, an agreement on the modalities is now imminent.
According to the works council, the negotiations on job cuts at Commerzbank are on the home straight. “We are in the last trains of the negotiations in terms of framework social plan and frame interest compensation,” said the chairman of the group and general works council, Sascha Uebel, the German press agency in Frankfurt.
Uebel confirmed a report by the “Handelsblatt” newspaper, according to which a special meeting of the entire works council in Wiesbaden is planned for May 14, the day before the Commerzbank general meeting. There, the works councils “want to decide on the framework social plan and probably even the frame interest compensation,” as Uebel said.
Commerzbank fights for independence
The Commerzbank board announced in mid-February to delete around 3,900 full-time positions by the end of 2027, 3,300 of them in Germany. Because positions at the Polish Mbank and low -wage locations in Asia are also created, the staff in the group should remain largely constant at 36,700 full -time forces worldwide.
With the dismantling of thousands of expensive jobs and rising surpluses, the Commerzbank, which is troubled by the Italian Unicredit, wants to save its independence. In September, Unicredit had used the federal government’s part in the Commerzbank, which has been partially nationalized since the financial crisis in 2008/2009, and had entered Germany’s second largest private bank on a large scale.
Unicredit boss Andrea Orcel has been praising the advantages of a merger of the two institutes for months. Whether the takeover will actually come is uncertain in view of large resistance in Germany. The federal government still holds a good twelve percent at Commerzbank.
Protest campaign at the general meeting
The general meeting of Commerzbank on May 15 in Wiesbaden wants to use the general works council and the Verdi union to make the protest against a takeover again. From 8:00 a.m., the employees are invited to a “moving company meeting” immediately before the start of the shareholder meeting.
“We want to make it clear again how important the independence of Commerzbank is and that we know how to defend it. With our presence on site, we also want to show the shareholders who come to the general meeting,” says the call from the works council and Verdi, from which the “Handelsblatt” also cited.
dpa
Source: Stern
