News

Pay rise for German bank workers following successful collective bargaining

Bank sector workers across Germany will benefit from a 4% pay increase and support in the digital transition, following successful collective bargaining negotiations concluded with employers on 4 July.

This is a great victory for members of UNI Europa Finance’s German affiliate Ver.di, which took part in five increasingly difficult negotiation rounds as well as a warning strike, to achieve this result.

The outcome is a comprehensive package including a two-stage 4% pay increase over 29 months, greater remuneration and jobs prospects for trainees, measures to help prepare workers for the digital transition, and future negotiations to update sector pension schemes and for a specific collective agreement on tailor-made training opportunities.

Ver.di membership is now being encouraged to accept the deal, which should then be signed in August 2019 and will be valid until the end of June 2021.

See here UNI Europa Finance’s statement supporting Ver.di during the negotiations.

Further information (in German) on the collective agreement can be downloaded from 'related files'