Commerzbank announces negotiations for in-house collective bargaining agreement for ComTS companies

December 1 2022

  • Negotiations to start in February 2023
  • Verdi refrains from further strike activities before the start of negotiations

Commerzbank and the trade union Verdi will be entering into negotiations on an in-house collective bargaining agreement for the ComTS service companies. The talks are to begin in February 2023. Verdi has confirmed that there will be no further strike activities until the negotiations have started. The inclusion of Commerzbank in the collective bargaining agreements of the private banking industry remains unaffected by the start of negotiations on a ComTS in-house collective bargaining agreement.

“After intensive and constructive discussions, we have agreed on using the already scheduled date in mid-February for the start of the negotiations,” explained Sabine Schmittroth, Commerzbank's Member of the Divisional Board for Human Resources.

The ComTS companies are independent companies within the Commerzbank Group. The ComTS service network is a supra-regional financial services provider that is particularly active in the area of business process settlement.

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About Commerzbank

Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 28,000 corporate client groups and around 11 million private and small-business customers in Germany. The Bank’s two Business Segments – Private and Small-Business Customers and Corporate Clients – offer a comprehensive portfolio of financial services. Commerzbank transacts approximately 30 per cent of Germany’s foreign trade and is present internationally in almost 40 countries in the corporate clients’ business. The Bank focusses on the German Mittelstand, large corporates, and institutional clients. As part of its international business, Commerzbank supports clients with German connectivity and companies operating in selected future-oriented industries. In the Private and Small-Business Customers segment, the Bank is at the side of its customers with its brands Commerzbank and comdirect: online and mobile, in the advisory centre, and personally in its branches. Its Polish subsidiary mBank S.A. is an innovative digital bank that serves approximately 5.7 million private and corporate customers, predominantly in Poland, as well as in the Czech Republic and Slovakia. In 2021, Commerzbank generated gross revenues of some €8.5 billion with around 46,500 employees.

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