On 30 November and following tough negotiations, Germany’s insurance sector social partners finally signed a collective agreement covering the 170,000 employees in the sector’s various services segments. The agreement secures the sector’s employees a two-stage 4.8% salary increase, as well as a one-off bonus of €225 for December. Furthermore, and in a bid to attract younger cohorts, the signatories agreed a substantial increase for apprentices. They also agreed to start talks on an agreement over the potential for employees to choose between receiving a salary increase and additional leave time.
Consistent with the wishes of the insurance sector’s employers’ body, the AGV, this collective agreement spans a relatively long period of 29 months, and will apply from 01 September 2019 until 31 January 2022. In addition, the text clarifies that the previous agreement, signed in August 2017 (c.f. article No. 10329) will continue to apply until 31 March 2020, after which the 170,000 employees in the sector’s services segments will see their salaries first rise by 2.8% as of 01 April 2020, and
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