Tarifrunde: Verdi will sechs Prozent mehr Geld für Beschäftigte privater Banken

Düsseldorf - The German trade union Verdi is seeking a six percent wage increase for employees at private banks during the upcoming tariff negotiations. Verdi's negotiation leader, Jan Duscheck, announced on Monday that the new collective agreement should have a twelve-month duration, given the economic uncertainties surrounding the development.

The agreement should also apply to overpaid employees. In addition, workers will be able to convert a portion of their salary into up to 20 additional free days per year. The reason behind this demand is the "excellent position of the industry" and the pressure on employees due to inflation. Verdi's Duscheck emphasized that there are "space" for fair wage settlements in this context.

The rising trend of using Artificial Intelligence in banks will also be a factor, according to Verdi. The union aims to enforce stronger rules for employment protection during the tariff discussions. The competing union DBV plans to negotiate a 9.5 percent wage increase over a 24-month period.

Tariff negotiations are set to begin on October 8th in Berlin, followed by further discussions with employers on November 2nd and November 23rd. Both sides had previously agreed on a 10.5 percent wage increase with a 28-month duration in 2024. Notably, Lone Star financial investor expects several offers for medium-sized bank IKB.