Deutsche Bank chief urges Germany to ease dismissal protection for high earners

Deutsche Bank’s chief executive Christian Sewing urged the German government to relax dismissal protection measures, stating that the rules, while popular, limit the bank’s ability to adapt quickly. He noted that recent changes have already targeted employees with very high salaries and argued that the threshold should be lowered, though he did not specify how far. Sewing criticized one outlet coalition for moving too slowly and lacking decisive action, and he warned that political turbulence—whether in Saxony-Anhalt or elsewhere—undermines economic growth and investment.

He also voiced opposition to the ongoing fuel tax rebate, arguing that the cost is unsustainable given Germany’s debt situation. Overall, Sewing framed these reforms as essential for maintaining a business-friendly environment amid rising political risks.