Germany: Verdi and ING-Diba bank agree on an individual training budget that is unprecedented in the sector

On Tuesday 2 September, the trade union Verdi and the management of German bank ING-DiBa announced that they have signed an agreement on the details of the individual training budget instituted by the collective agreement “for the future” (Zukunftsvertrag) signed at the end of 2019 and valid for the 4,000 German employees of the German bank. From September 2020 until the end of 2022, staff will receive €500 per year for three years, so they can follow ongoing training modules of their choice.
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Ongoing training in the digital age. The collective agreement “for the future” (Zukunftsvertrag), signed in November 2019 by the Verdi trade union and the management of ING-DiBa bank (see article n°11491), which is valid from 1 January 2020 to 31 December 2022 and intends to improve the ‘employability’ of staff in the digital age, announced the creation of a training budget of €500 per year over three years for each of the 4,000 German employees, with the particularity being that individual staff member is free to use it as he or she sees fit.

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