Two of Europe’s most powerful trade unions have accused European Central Bank president Christine Lagarde of undermining workers’ rights at the Frankfurt institution, escalating a long-running and bitter feud over labour relations.
The latest clash involves changes proposed by the ECB’s leadership to the central bank’s works council, an influential group of elected employees.
Under German law, elected representatives on these Betriebsräte are freed up from their day jobs to focus full-time on representing the interests of staff — while receiving their normal salaries. Legal privileges and protection of works councils have been enshrined in German law for more than a century.
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