Union Escalates Strikes Over Low Pay Offer from Deutsche Bank Group
Economy / Finance

Union Escalates Strikes Over Low Pay Offer from Deutsche Bank Group

The service union Verdi has announced further warning strikes for approximately 9,000 Postbank employees within the Deutsche Bank Group, following the second round of negotiations.

On Tuesday, Verdi reported that the employers failed to submit a “negotiable offer” on May 18 in Frankfurt, leading the union to increase pressure nationwide. Negotiator Jan Duscheck stated that the employees do not accept the logic that only shareholders should benefit from the bank’s record profits while Deutsche Bank attempts to enforce a real wage loss during the collective bargaining process.

Warning strikes are scheduled to begin at initial locations starting Wednesday, with the action expanding on Thursday. By Saturday, employees in Postbank branch sales and call centers will also be called to strike. Furthermore, Verdi plans a protest demonstration on Thursday during Deutsche Bank’s general meeting, which will take place at the Frankfurt exhibition grounds.

The employer’s offer proposes a 2.4% salary increase three-tenths of a year later, starting July 1, 2026, followed by an additional 2.3% increase a year later. Considering the high inflation and the group’s economic situation, Verdi views this proposal as inadequate. The union demands an eight percentage point salary increase-or at least an increase of €300 per month-along with an additional €200 in training allowance.

In addition to wage demands, Verdi is pushing for binding commitments to secure employment and locations, as well as implementing qualification measures during the introduction of Artificial Intelligence across the Deutsche Bank Group. The next round of negotiations is set for June 15, 2026, in Frankfurt am Main.