Central Banks
ECB Risks New Staff Clash With Move to Revamp Its Works Council
The European Central Bank headquarters in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank moved to revamp its staff council, risking a new clash with employees after recent years saw relations strained by spats over pay and leadership.
The ECB suggested lengthening the terms of elected worker representatives and expanding the council to 10 members from nine, a spokesperson said. It also wants to cap the time staff can devote to the body at 50% for regular members and 75% for the chair — a plan that drew an immediate rebuke.