On September 25, the Ver.di union and the management of the Postbank reached an agreement on a moderate wage increase and a strengthening of job security. This is not always the case in the rest of the financial sector where collective bargaining is turning ugly. (Ref. 080732)
Verdi and the management of the Postbank reached a “difficult but tolerable” compromise after the union organized several warning strikes in the agencies of the former subsidiary of the Deutsche Post. Indeed, the subsidiary was sold last month to the Deutsche Bank, the main private bank in Germany. “With this agreement, we managed to impose a guarantee for job security until the end of 2012” declared Uwe Foullong, negotiator and member of Verdi’s federal management. The union, which was openly
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