Neu-Isenburg/Frankfurt The more than 135,000 employees of the Volks- und Raiffeisenbanken in Germany get more money. In their third round of negotiations, the collective bargaining partners agreed on a two-stage salary increase and a one-off payment, as both sides announced on Wednesday.
From January 1st there will be 3.2 percent more money, a year later there will be another salary increase of 2.0 percent. According to the information, the wage agreement can be terminated at the end of 2024 at the earliest. In October of this year, the employees of the cooperative institutes will also receive a one-off payment of 800 to 1000 euros, graded according to tariff groups.
According to its own statements, the German Bank Employees Association (DBV) initially postponed the demand for binding minimum standards for mobile working in order to come to a conclusion as quickly as possible in view of the high rise in salaries.
“The effects of inflation are clearly noticeable – increases must be made promptly. We have achieved this,” summarized DBV negotiator Robert Piasta and the national chairman of the union, Stephan Szukalski. The DBV went into the negotiations, which began at the end of April, with a demand for 6.1 percent more wages.
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The chief negotiator of the Employers’ Association of German Volksbanken und Raiffeisenbanken (AVR), Peter Bottermann, spoke of a balanced overall package in a difficult environment: “With the agreement, the consequences of rising prices for employees will be cushioned to a significant extent.”
The remuneration of trainees at the cooperative banks should also become more attractive in the future. There is a staggered salary increase for them by an average of 7.2 percent. The current wage agreement can be terminated at the end of 2024 at the earliest.
Improvements in part-time work close to retirement and an extension of partial retirement regulations were also agreed. The AVR represents 750 Volksbanks and Raiffeisenbanks as well as the central institute DZ Bank.
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