German bank staff win 10.5% pay increase after strikes

By Jerry  Published On July 5, 2024
FRANKFURT, July 4 (Reuters) – German private bank staff have struck a deal with employers for a 10.5% pay increase to cope with rising living costs, union and bank representatives said on Thursday.
The agreement, affecting some 140,000 workers, was agreed late on Wednesday in a third round of talks that followed a series of strikes.
The Verdi and DBV unions had originally demanded increases of 12.5% and 16%, respectively. But banks have been trying to keep a lid on costs.
Source: REUTER

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