Germany -Warning strikes in banking sector -May 21, 2012

The trade union Ver.di has called on bank employees in southern cities including Stuttgart, Karlsruhe and Mannheim to go on strike for several hours in order to put pressure on the negotiations for a new collective agreement in a sector with 220,000 workers. So far the employers have offered a pay increase of 4.2% over a 30 months period (but as this percentage is distributed over this period the effective increase is just 1.4%). Ver.di is demanding a 6% pay increase, after 5 years of modest wage developments.

German: http://www.verdi-direkt-in-der-hvb.de/tarif/2012_verdi_Presse ...

English: http://www.bloomberg.com/news/2012-05-21/union-calls-for-strikes ...

 

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