Business

Employees criticize bonus payments as being too low

Commerzbank in Frankfurt

Many Commerzbank employees would like to spend more than 50% of their working time working from home in the future.

(Photo: dpa)

Frankfurt Group restructuring, job cuts, board changes: the mood has long been bad for many Commerzbank employees. According to information from the Handelsblatt, the new rules for working from home and paying bonuses to employees who are not paid under collective agreements are causing further resentment. Numerous employees also expressed their frustration on the bank’s intranet.

Verdi trade union secretary Stefan Wittmann, who also sits on Commerzbank’s supervisory board, can understand the anger. “The protests are understandable,” he told Handelsblatt. “All bank employees should be treated equally.” It is therefore incomprehensible that many non-tariff employees, contrary to the board of directors, did not receive bonus payments or only relatively small ones.

“Employees, like the board of directors, deserve higher bonus payments for the strong financial year 2021,” said Wittmann. CEO Manfred Knof alone has received a total remuneration of € 5.7 million in the last year.

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