Germany -New collective agreement Deutsche Telekom -May 24, 2012

Trade union Ver.di and Deutsche Telekom have signed a 24-month collective agreement that guarantees a 6.5% wage increase to almost 20,000 employees in T-Systems. The wage increase will take effect in three stages: a retroactive increase of 2.3% from 1 May 2012, an increase of 2.1% as of January 2013, and an additional 2.1 increase as of September 2013. For the lowest pay grades, the increase is even higher, up to 7.2%. The agreement that guarantees job security in T-Systems until 31 December 2013 was concluded after a successful strike. The result comes near to the demands as formulated by Ver.di and as recommended by an independent mediator for the DT-AG.

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