Representation of employees

One of our aims is to be a responsible and fair employer. Since 1999 an in-house employees association (ANV: «Arbeitnehmervertretung») at our parent bank has actively fostered dialogue with our female and male colleagues on the one hand and corporate Management on the other. The employees association has a mediating function, which will become increasingly more important in the future.

At the beginning of 2012, a revised regulation came into force that clearly defines the association’s right as a body to represent staff interests. The association board mediates between employees and the Group Executive Board as well as between staff and supervisors and promotes cooperation. The Group Executive Board informs the association of all matters that are relevant to employees. The association has a say, for example, in matters relating to staff pension plans, rationalization projects, staff reduction measures and staff surveys. In collaboration with Group Human Resources, the employees association is, among other things, concerned with the further development of corporate health management. A particular focus is placed on select measures of the cost-saving and efficiency improvement programme, which the LLB Group has pursued since 2011. The employees association is composed of representatives of the Retail & Corporate Banking and the Private Banking Divisions as well as the Group Chief Operating Officer.

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