Business • Entrepreneurship & Startups

N26 founder apologizes for blocking employee efforts to form a works council

The founder and CEO of the startup bank N26 Valentin Stalf has publicly apologized on LinkedIn for the events of the past days as the management team around him has tried to prevent employees from moving forward with the process of forming a works council.

He stated that "As a founder, it has been hard to see how the discussion has evolved in the last days. This doesn’t reflect how we usually work together as a team. But ultimately, myself and my leadership team at N26 feel responsible for the way this debate has escalated. And we would like to apologize for the last couple of days" and adds later that he would prefer an "alternative to a traditional Works Council".

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