Fintech

Fintech N26 faces staff dispute as it restricts employee meeting

Fintech bank obtains court order to ban employees from meeting to form works council, but says it is due to Covid-19 safety restrictions

Friday 14 August 2020 at 08:54

German challenger bank N26 is facing turmoil at its headquarters as a group of employees fight to set up a powerful union-like staff body against management’s wishes.

The group of employees wants to form a works council, a German form of staff representation enshrined in the Works Constitution Act. Works councils are elected bodies that perform some of the roles of trades unions, and have a say in company hiring, shift planning, office layout and other matters relating to working conditions.