Labour union Ver.di against possible sale of Deutsche Postbank

Members of the Ver.di labour union are preparing to voice their opposition to a possible sale of Deutsche Postbank AG at the supervisory board meeting of its parent company Deutsche Post AG on Monday.

‘A healthy company, like Postbank which makes one bln eur pre-tax profit, can exist by itself and should exist by itself,’ Gerd Tausendfreund, Ver.di member on Postbank’s supervisory board told Euro am Sonntag.

The union said it expects if the bank were sold or merged with another bank there would be likely job cuts. Above all, the IT department at Germany’s largest bank would probably be hardest hit, the newspaper said.

Tausendfreund said the entire part of the supervisory board which represents workers is against a sale.

Members of the Ver.di labour union are preparing to voice their opposition to a possible sale of Deutsche Postbank AG at the supervisory board meeting of its parent company Deutsche Post AG on Monday.

‘A healthy company, like Postbank which makes one bln eur pre-tax profit, can exist by itself and should exist by itself,’ Gerd Tausendfreund, Ver.di member on Postbank’s supervisory board told Euro am Sonntag.

The union said it expects if the bank were sold or merged with another bank there would be likely job cuts. Above all, the IT department at Germany’s largest bank would probably be hardest hit, the newspaper said.

Tausendfreund said the entire part of the supervisory board which represents workers is against a sale.