A4 für Copyshop GB.indd - Bayerische Landesbank

The introduction of a performance-oriented and earnings-related bonus system for
standard pay scale employees and the revised objectives agreement and evaluation
system represent a challenge for both employees and management, and one that they
are fully prepared to meet.
The most important objectives of any staff qualification initiative consist of reinforcing
the Bank’s market position, enhancing competitiveness and improving BayernLB’s earn-
ings situation.
Our thanks to our staff and the Staff Council
Without the commitment of each and every employee to our Bank, it would not have
been possible to put an end to job cuts earlier than scheduled. Nor would we have
been able to consolidate the business areas and support operations by the second half
of 2004.
The Staff Council has once again helped create a climate of trust, cooperation and
mutual respect. We would like to express our special thanks to these staff representa-
tives for their loyal and responsible cooperation on all operational and social matters
during these difficult times. Especially in times of upheaval, the Board of Management
and all other managers are highly aware of the importance of staff representation that
is committed to the interests of the Bank as a whole, and of the necessity of cooperat-
ing in an atmosphere of trust.
BayernLB – our company
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