While implementing our strategy, as of December 31, 2017, Deutsche Bank had 97,535 employees—a decrease of 2,209 employees or 2.2% compared to 2016. This is calculated on a full-time equivalent (FTE) basis, meaning part-time employees are included accordingly.
Our regions were impacted differently by restructuring. Germany saw the largest decline in employee numbers (2,073 FTE), largely driven by the restructuring of its Private & Commercial Bank (PCB) corporate division; while in Asia-Pacific, the number of employees increased due to the insourcing of business-critical external roles, especially in IT.
Works Councils in Germany
The involvement of works councils in Germany is governed by the Works Constitution Act, which stipulates the rights and duties and prescribes the cases (and form) in which employers are obligated to involve a works council. With members elected every four years, these councils represent the interests of our employees, entering discussions and negotiations with the employer.
Our executive employees have their own representative body, which is governed by German law (Sprecherausschussgesetz).
The works councils have different rights of involvement (such as negotiating on balance of interest agreements as part of restructuring measures and negotiating on bargaining agreements, e.g. compensation-related). In Germany, the individual rights and responsibilities of local, general, Group, and European works councils are governed by law. We have a close and constructive relationship with employee representatives based on mutual trust and involving these bodies early and to the fullest extent is common practice.
As part of our Strategy 2020, we have implemented several restructuring measures. In 2017, two agreements covering non-executive staff were completed, with approximately 300 jobs (gross) affected in Wealth Management and CRO. The previous year, we had completed 14 balance of interest agreements, with a planned reduction of more than 4,000 jobs in Germany by the end of 2018. The cuts relate mainly to our Private & Commercial Bank (PCB), Global Transaction Banking, Chief Operating Office, the Finance and Risk Management functions, HR, Communications & CSR and DB Research. In 2017, two agreements covering non-executive staff were completed, with approximately 300 jobs (gross) affected in Wealth Management and Risk Management.