Verdi concludes collective agreement in private and public banks
In the fourth round of negotiations Verdi finally succeeded in concluding an agreement for employees in private and public banks. The main points of the agreement are as follows:
Salary increases
- 2.9 % increase as of 01.07.2012
- 2.5 % increase as of 01.07.2013
- 350 euro lump-sum payment – by July 2012 at the latest
- Agreement runs to 30 April 2014
On a yearly basis the increase amounts to 2.4 %. We have thus managed to protect real incomes. During the lifetime of the collective agreement the pay scales will rise by an overall 5.4%.
Trainee pay
Trainees will be getting a proportionately larger increase with pay going up by 50 euros as of 01.07.2012, and by a further 45 euros as of 01.07.2013. As a result, starting in 2013, trainees in their third year of training will be paid 1000 euros. We have also secured a one-off payment for trainees of 100 euros which will be paid out at the latest in July.
Early retirement
The early retirement scheme will be extended to 30 April 2014.
Training initiative
Employers have undertaken to make serious efforts to create a high number of training places and wherever possible to create more places than are strictly needed by the individual company. When hiring former trainees, banks are required to comply with the following procedures/principles:
- whenever possible employment is to be offered for an indefinite period
- if for operational reasons this is not possible, temporary contracts should be given for a 12 month period
- failing this, employment should be sought for former trainees within the company, the group or the region.
Protection of customer advisors
Customer advisors who follow company regulations will not be subject to any sanctions in relation to the Investor Protection Act.
Occupational health and safety
Employers and Verdi will share information once a year on issues relating to occupational health and safety.
Ban on disciplinary measures
No disciplinary measures may be taken against employees who participated in industrial action in 2012. Any sanctions already applied will be reversed.
Duty to negotiate
The duty to negotiate any changes to Saturday work agreed in 2010 has been extended. It should be noted that these negotiations are open-ended but must be concluded by the next collective bargaining round.