Germany - Collective agreement in banking sector - August 31, 2016

The fourth round in collective bargaining for the banking sector led to an agreement. Trade union ver.di and the employers in private (AGV Banken) and public banking (VÖB) reached an agreement for the 205,000 workers in the sector. The agreement runs for 33 months. It includes three pay increases: 1.5% on 1 October 2016, 1.1% on 1 January 2017 and 1.1% on 1 November 2017. Apprentices will receive an extra 50 euro in October 2016. The bargaining partners also agreed to work on a new wages system, to initiate talks on the improvement of the vocational training for the sector and on the impact of digitalisation.  

English: http://archyworldys.com/collective-agreement-bank-employees-earn-more-from-october/  

German: http://www.handelsblatt.com/politik/deutschland/tarifeinigung-mehr-gehalt … 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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