Germany - 11.5% wage increase in public banks - October 31, 2024

On 10 October, the union ver.di and the Federal Association of Public Banks agreed on a new collective agreement. Salaries will increase by 11.5% in a total of three steps. The first increase of 6% will take place in November 2024. Next, salaries will be increased by 2.8% on 1 November 2025, and by a further 2.7% on 1 November 2026. The collective agreement runs until 31 January 2027. In addition, the collective bargaining parties agreed to start talks on a new pay structure and a modern and life-phase-oriented working time arrangement. At the beginning of the negotiations, ver.di had demanded 12.5% more salary, but at least € 500 per month. The collective bargaining committee recommends accepting this negotiation result. Around 60,000 employees from 63 institutions, including the state banks and the federal and state development banks, will be covered by this collective agreement.

Read on: in German…

For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.

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