Deutsche Bank ordered to give traders their exact jobs back

Deutsche Bank - Foyer Bridge

Deutsche Bank was ordered to give four traders fired in a rate-rigging investigation their exact jobs back while a court is hearing an appeals bid by the lender over the issue.

Bloomberg reports that the bank must pay a penalty equal to the men’s monthly salary unless it reinstates them in their original positions, Frankfurt Labor Appeals Court spokesman Wolfram Henkel said in an interview Tuesday.

The money would go to the state budget and is intended to make Deutsche Bank comply with a lower court ruling that said the lender had no right to fire the men.

The Frankfurt Labor Court ruled last year the terminations were illegal and the bank must reinstate the employees, who made submissions for Euribor and Swiss Franc Libor.

To access the complete Bloomberg article hit the link below:

Deutsche Bank Must Give Fired Euribor Trader Same Jobs

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