Germany: Verdi union gets better working and pay conditions for the employees of Deutsche Bank’s subsidiaries

More time off, more money and a shorter workweek.  Verdi claims that about 2,000 employees from 5 Deutsche Bahn service companies – PBC Services GmbH (account management), Kredit Service GmbH (credit service), HR Solutions GmbH (pay services), Konsul Inkasso GmbH, and KEBA GmbH – will get, on January 1, 2013, 30 days of annual leave instead of 27 today and their wages will increase by 2.9 percent.  Besides, their workweek – currently 42 hours – will be brought down to 39 hours on January 1, 2014.  Besides, HR Solutions staff will get a €400 single bonus.  The employees of other subsidiaries will also get a bonus, but its amount will be determined later.  The agreement will expire on March 31, 2015.  Besides, DB promised to open talks with Verdi on other themes, including an agreement to maintain the sites, protection against layoffs, corporate pension….  All these themes will be individually addressed in the months to come.