Collective bargaining dispute: Verdi is expanding warning strikes at private banks
The employers and Verdi have not been able to reach an agreement in the collective bargaining negotiations for the private banks so far. The union is now announcing nationwide strikes starting on Monday.
The German trade union Verdi has called for further warning strikes among the approximately 150,000 employees of private banks in Germany, starting with a nationwide labour dispute in Saxony, Saxony-Anhalt, and Thuringia from Monday. Verdi is increasing pressure on employers ahead of the third round of negotiations on November 23 in Berlin.
The union criticizes the employers' recent offer of a 4.2% salary increase from mid-2027 over 36 months as insufficient, citing that it does not account for the period from October 2026 to June 2027 and amounts to only around 1.4% annual salary growth. Verdi argues that this is below the expected inflation rate, leading to further real wage losses for employees.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
