Business • Entrepreneurship & Startups
2020-08-13T06:00:02+00:00

Founders of German N26 startup bank obtain temporary injunction to prevent election of works council

The founders of the German startup bank N26 have previously stated that a works council would be "against almost all the values in which we at N26 believe" while a group of employees has stated that the trust in the management of the company is "at an all-time low".

This group of employees had intended to elect a works council this week but the management has obtained a temporary injunction from the Berlin labour court on the grounds of a missing hygiene concept during the ongoing Covid-19 pandemic.

The workers union Verdi has criticized the actions of the management while an N26 spokesperson has stated that "we would like to make it clear once again that neither the founders nor the management team of N26 are against employee representation and participation - in whatever form - or are taking action against them".

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