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Setback for Ver.di in the fight for influence at Deutsche Bank

Frank Werneke was greeted warmly at Deutsche Bank.

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Setback for Ver.di in the fight for influence at Deutsche Bank

Frank Werneke was greeted warmly at Deutsche Bank. Paul Achleitner, who was chairman of the supervisory board at the time, said he was very much looking forward to working with him via the LinkedIn social network. Achleitner left the committee a few months later, and Werneke's time will also be over after just a year and a half.

According to information from banking circles, the union boss will not stand for election to the supervisory board this spring. A Ver.di spokesman confirmed corresponding information from WELT.

The spokesman gave no information on the reasons. In banking circles it is assumed that Werneke wants to focus more on his tasks in leading the union. The post at Deutsche Bank was the 55-year-old's only mandate at a major company.

Werneke took it over from his predecessor Frank Bsirske in autumn 2021. He had left the control body after moving into the Bundestag for the Greens. Before that, Bsirske was one of the key figures on the committee for many years – often as an ally of Achleitner. Werneke, on the other hand, is said to have been much more reserved.

Ver.di has to fight for influence at Deutsche Bank more than at some other institutes. Many employees are skeptical about the militant union and prefer to vote for alternative lists such as DBV and Team4Future.

The employee representatives work together on important issues such as collective agreements and protection against unfair dismissal, but they keep getting into disagreements behind the scenes. While Ver.di representatives accuse the alternative offers of being too close to the employer, their ranks say that the large union is primarily pursuing its own purposes.

The fact that Ver.di was able to win the majority of seats in the last supervisory board election is primarily due to the trade union's strong presence in Postbank, which it took over in 2008. The level of organization here was significantly higher than at Deutsche Bank. In the past, employees at the Frankfurt institute have therefore repeatedly complained that Ver.di had too much influence on the decisions at the Bonn-based Postbank.

Recently, however, Deutsche Bank has cut many jobs in private customer business and thus also at Postbank. Employee representatives therefore consider the next election to be open. "It will be a challenge," says a Ver.di man. "The dominance could be broken," says the other side.

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