SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 6: Directors, Senior Management and Employees 111
The number of our employees increased in 2010 by 25,009 or 32.5 % due to the following factors:
— The number of Corporate & Investment Bank Group Division staff increased by 1,752 primarily due to the
acquisition of parts of ABN AMRO in the Netherlands (1,195). Furthermore, the number of Markets staff
increased by 374 as a result of the market recovery.
— The number of our PCAM staff increased by 21,973 primarily due to the acquisitions of Deutsche Postbank
AG in Germany (20,361) and of Sal Oppenheim Group (2,910 as at year end 2010).
— In Infrastructure, the number of our global service centers staff, in particular in India, the Philippines,
Birmingham (U.K.) and Jacksonville (U.S.), increased by approximately 1,200 employees. The headcount in
the other infrastructure areas remained, on balance, unchanged from 2009.
The following charts show the relative proportions of employees in the Group Divisions and Infrastructure/Regional
Management as of December 31, 2010, 2009 and 2008.
Employees
in %
60
45
30
15
0
2010
2009
2008
51.5
39.7 40.5
Private Clients and
Asset Management
18.5 18.5
15.7
Corporate & Investment
Banking
Infrastructure /
Regional Management
Labor Relations
In Germany, labor unions and employers’ associations generally negotiate collective bargaining agreements on
salaries and benefits for employees below the management level. Many companies in Germany, including
ourselves and our material German subsidiaries, are members of employers’ associations and are bound by
collective bargaining agreements.
Each year, our employers’ association, the Arbeitgeberverband des privaten Bankgewerbes e.V., ordinarily
renegotiates the collective bargaining agreements that cover many of our employees. The current agreement
reached in June 2010 includes a single payment of € 300 in August 2010 (apprentices € 75) and a pay raise of
1.6 % from January 2011 on. The agreement so far terminates on February 29, 2012. Also concluded by the
agreement are a revision of the so called “Rationalisierungsschutzabkommen”, a guideline on implementation
32.8
41.8 41.0