Germany: partial wage agreement for 250,000 in the banking sector

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l 22, 2009 shows the impact of the crisis on collective bargaining: the social partners in the banking sector negotiated for almost a year before agreeing on a 2.5% wage increase. The agreement is only partial because talks on “job security” haven’t succeeded yet and will go on until September. (Ref. 090458)

It took almost one year for the social partners in the banking sector (Ver.di and the Association of German Public Sector Banks – VOB – and the Association for Private Banking – AGV) to agr

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