Deutsche Bank Group has signed a social plan with trade unions OGBL, ALEBA, and LCGB for the 175 workers it intends to layoff in a cost-cutting measure. The majority of the cuts will occur at Deutsche Postbank International SA (104); the rest of the job losses will come from Deutsche Bank Luxembourg (33), Sal. Oppenheim Luxembourg (26) and DWS Investment SA (12). DBG agreed to a social plan, which in addition to statutory redundancy payments includes voluntary severance, outplacement measures and training, social assistance and the possibility of extended notice for those who do not find a job after the legal notice.
English: http://www.wort.lu/en/view/cargolux-and-unions-sign-collective-agreement ...
http://www.wort.lu/en/view/deutsche-bank-group-in-luxembourg-signs-social-plan ...
http://www.chronicle.lu/categoriesworkingjobs/item/4131-deutsche-bank-to-let-go-25-of-staff
French: http://www.paperjam.lu/article/fr/deutsche-bank-plan-social-pour-175-personnes
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.