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German digital bank N26 is facing outcry from its staff over management

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Re: German digital bank N26 is facing outcry from its staff over management

#131

Post by ahartmetz »

leipert wrote: post #128
aviraldg wrote: post #114

Any recommendations for digital banks that aren't terrible to their employees? The biggest/best ones I know of are N26 and Revolut and both are kinda similar in this context.

German here. I am using DKB since forever. Not as hip as N26 but pretty solid online bank with free VISA and free cash withdrawals. Unfortunately I have learned that they also invest in funds that ultimately fund weapons manufacturers. A few years ago I have gotten a joint account with my wife over at GLS. Not as Internet savvy company but finally Apple Pay for their credit cards. They are investing in a lot of green…

Yeah, DKB is pretty cool. No monthly fees or fees for transactions, get money from ATMs without fee in the whole world (and from all ATMs in Germany) with the DKB credit card.

"Hip" is really the last thing I want in a bank, the N26 advertising totally misses the mark for me. Their technology seems to be kind of crap, too. Security holes due to gross incompetence. https://media.ccc.de/v/33c3-7969-shut_up_and_take_my_money

Re: German digital bank N26 is facing outcry from its staff over management

#132

Post by bootlooped »

aviraldg wrote: post #114

Any recommendations for digital banks that aren't terrible to their employees? The biggest/best ones I know of are N26 and Revolut and both are kinda similar in this context.

I have been mostly happy with Alliant Credit Union. https://www.alliantcreditunion.org/

Re: German digital bank N26 is facing outcry from its staff over management

#133

Post by ljm »

3327 wrote: post #111
woco26 wrote: post #4

I'm there. Management sent an email to all employees a week after the process was initiated about how the works council was against all their values, and they have an amazing idea for modern employee representation - one they only hired an external lawyer to present after the employees asked for a works council. Only a couple days ago, after having the invite in their hands for 10 days did they start complaining abou…

Fire these pawns that don’t amount to a bishop or knight. Workers council if not permitted is against company policy. If they don’t have faith in management they can leave. Ridiculous.

The US attitude to employment and the incorruptible rights of the company is thankfully not envied in European states

Re: German digital bank N26 is facing outcry from its staff over management

#134

Post by samus »

klausa wrote: post #19
atypeoferror wrote: post #16

> N26's co-founders Valentin Stalf and Maximilian Tayenthal have argued for an alternative, saying they believe the traditional German works council excludes international employees This is patently false. I work at a medium-sized startup in Berlin, which is very international, with many of my colleagues speaking little German. We have recently created a Works Council (with support from the management) - and the coun…

I think they meant "international employees" as in "employees of non-german N26 Subsidiaries", not "non-german speaking employees of german-N26 entities". Which, of course, is also a laughably bad argument, since there's nothing that prevents N26 from voluntarily granting those employees similar protections they'd enjoy if they were employed in Germany.

It is little known that the EU has already introduced provisions to form transnational (European) worker councils. The conditions are 1000 employees in total and 150 employees in at least two member countries each. Their powers are way more limited than German or Austrian worker councils though. They only have a right to be informed of company policy and its performance. Anybody knows whether N26 fulfils the size requirements?

Re: German digital bank N26 is facing outcry from its staff over management

#135

Post by ahartmetz »

davidhowlett wrote: post #130
adarioble wrote: post #123

Earlier quoted context omitted.

In the UK, Starling is worth a shot, although Monzo is constantly being mentioned as a good bank in my circles.

I live in the UK and also recommend Monzo. They have a good app but the thing that stood out most to me was the correct use of emoji in their terms and conditions. It is definitely a modern bank.

> was the correct use of emoji in their terms and conditions

That seems like a highly dubious way to evaluate a bank.

Re: German digital bank N26 is facing outcry from its staff over management

#136

Post by dastx »

adarioble wrote: post #123
aviraldg wrote: post #114

Any recommendations for digital banks that aren't terrible to their employees? The biggest/best ones I know of are N26 and Revolut and both are kinda similar in this context.

In the UK, Starling is worth a shot, although Monzo is constantly being mentioned as a good bank in my circles.

Ditto on Monzo and Starling. A friend works at Starling and from the stories he's mentioned, they seem like they treat customers and employees with respect.

Personally I use Monzo for personal banking, and Starling for business. Though starling has a personal banking product too.

Re: German digital bank N26 is facing outcry from its staff over management

#138

Post by Semaphor »

brnt wrote: post #127
coldtea wrote: post #87

Earlier quoted context omitted.

> Is that not the case in NL? A little, but nothing like the US.

That is actually not at all true. Those seeking for more than a year are removed from the unemployment statistic, as well as anyone who's employed for at least one(!) hour a week (this was changed a few years ago). The Dutch government is at least as skilled as making its people believe things are going well. Its a actually a bit of a rabbit hole, just like it is for Americans.

That sounds more like what I expected ;)

> The Dutch government is at least as skilled as making its people believe things are going well. Its a actually a bit of a rabbit hole, just like it is for Americans.

I think that’s most governments in general, sadly.

Re: German digital bank N26 is facing outcry from its staff over management

#139

Post by trunc8 »

campl3r wrote: post #100

As a German I will never work at a company with a workers council again. I considered n26 for my next place, but I have no interest in the shit hole that's a workers council.

Would appreciate if you would expand on this. How does the employee experience differ when a worker's council is in place?
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