Because of the financial crisis, the services' union Ver.di said, on October 17, 2008, that it was ready to lower its 8% wage claim in the banking sector. The union also announced it would temporarily suspend the strikes which should have taken place in banks in November. (Ref. 080818)
“Now, what we want to do first is analyze the scale of the impact of the financial markets’ crisis on banks and employment, to protect employees in the institutions” said Uwe Foullong, negotiator and member of Ver.di’s federal management. In addition, Ver.di is not going to try “at all costs” to get an 8% wage increase for the 250.000 employees working for private and public banks. “What we want are substantial increases” he said.
Increase and job security. Since the 4th collective bargaining ro
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