Verdi calls on Postbank employees to go on warning strikes - financial expert sheds light on the background

Verdi calls on Postbank employees to go on warning strikes - financial expert sheds light on the background

According to a report by www.faz.net,
Postbank customers are facing further hardship. In addition to the problems with customer service in recent months, there are now warning strikes. The Verdi union has called for them. The union announced that the nationwide warning strikes will begin on Friday in Hamburg and will be expanded to other federal states in the following days. The strike measures affect both branches and back office units.
The unions had also justified their wage demands by saying that the employees had particularly suffered from the chaos in the customer service of the Deutsche Bank brand due to management errors. Verdi is calling for an increase in salaries by 15.5 percent, but at least 600 euros, an increase in training allowances by 250 euros and an extension of protection against dismissal until the end of 2028. The union also justifies this with the group's good business figures, the high price increases in the cost of living and the announcement of the closure of numerous Postbank branches by Deutsche Bank management.

As a financial expert, it is worth mentioning that such warning strikes can have an impact on a company's reputation and financial results. Warning strikes could lead to customer dissatisfaction, which could lead to a loss of trust in the brand and a decline in customer numbers. The company is also financially burdened by strikes as no work is carried out and services cannot be provided, which can lead to a loss of sales. Additionally, a prolonged strike may result in customers defecting to competitors, which could impact the company's long-term revenue potential. The announced strikes at Postbank could therefore have short- and long-term effects on the company's financial results. As a financial professional, I would recommend that the company proactively approach the union to find an amicable solution to minimize potential financial and reputational damage.