Collective agreement: Public banks will pay more in the future

Status: 04/01/2022 12:47

Collective bargaining in public banks has achieved success: employees will receive more money in the future. They are also allowed to work from home more often.

Employees of state and development banks, as well as various savings banks in Germany, will receive more money in the future and will be able to work from home more often. Yesterday’s sixth round of collective bargaining was a success, the union ver.di and the Federal Association of German Public Banks (VÖB) announced. Talks about the new conditions have been going on since the end of June last year. The collective agreement is now valid for 35 months until May 31, 2024.

Specifically, the parties to the collective agreement agreed to a salary increase of three percent from July 2022 for the 60,000 employees. Starting in July 2023, employee salaries will be increased again by two percent. In addition, after the special Corona payment of 750 euros given in March this year, there will be another 300 euros once in April 2022. ver.di was in the negotiations with a demand for 4.5 percent more money, but at least 150 euros more per month that are gone. The German Bank Employees Association (DBV) wanted more than 4.8 percent.

More mobile work is possible

At the same time, the working day was also reorganized: from January 2024, the weekly working day will be reduced by one hour to 38 hours. An important topic of the negotiations was mobile work. ver.di wanted employees to be able to work mobile for up to 60 percent of their working hours. A contractual right has now been agreed to be able to work up to 40 per cent of work time on the go.

“This result was achieved after very tough and lengthy negotiations, and the pressure of the many strikes in which the employees had participated certainly contributed to it,” ver.di union negotiator Jan Duscheck summed up. Gunar Feth, chief negotiator for VÖB, said that together we managed to put together a “very good salary package” that “significantly cushions the consequences of inflation for public bank employees and recognizes their achievements.”

Negotiations in private banks falter

Meanwhile, separate ongoing negotiations for 140,000 private bank employees in Germany have stalled. ver.di negotiator Showereck called on the employers’ association of the private banking industry (AGV Banken): “Come back to the negotiating table.” The financial statements of the public institutes and before Postbank showed “that fair and viable compromises are also possible in the banking industry in these times.”

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