Workers at Deutsche Bank's retail arm Postbank are threatening to stage a strike over a wage dispute, labour union Verdi said on Sunday, ahead of a round of negotiations due to start on Monday. "If there is no agreement there could be open-ended strikes," Verdi's chief negotiator Jan Duscheck said in a statement, adding that 97.7 percent of balloted workers had voted in favour of industrial action.
Postbank is currently being integrated into Deutsche Bank after Germany's biggest lender unsuccessfully tried to sell the business, which labour bosses worry could lead to painful cuts. Verdi is demanding that Postbank extend job guarantees until 2022 and pay around 18,000 workers at Postbank and related units 5 percent more.