Home » Industrial relations » National industrial relations » Germany: agreement in banking sector for 4% pay rise and measures in view of digital transition Germany: agreement in banking sector for 4% pay rise and measures in view of digital transition Social partners from Germany’s banking sector, including both public and private banks, unveiled the result of their negotiations on the morning of Thursday 4 July. The new collective agreement, valid until June 2021, is to apply to close to 190,000 workers and includes a pay rise of 4%, which will take effect in two stages. In addition to the pay rise, the agreement includes a package of measures aimed at preparing workers for the digital transition. Furthermore, negotiations were opened on several topics, including the sector’s pay scale, the creation of a collective agreement for traineeships, and an updating of the agreement on company pensions. Through . Published on 05 July 2019 à 15h52 - Update on 05 July 2019 à 15h52 Resources Two-stage pay rise of 4%. Social partners from Germany’s public and private banking sector announced that they had reached, during the night between 3 and 4 July, a compromise on a new branch-level agreement that includes wage increases as well as a series of new measures on ongoing training and re-skilling of workers so they can adapt to changes caused by the digital transition.… This article is for subscribers only Already have an account? Log in You are not registered yet ? Sign up for a free trialfree for 15 days Online services : studies, analyses, databases and much more Daily Briefing : latest news digest Weekly letters Last name First name Email address Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst nameLast nameOrganizationFunctionemail* Object of the messageYour messagePhoneThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications What type of employment status will platform workers hold? Planet Labor updates its comparison of several countries’ regulatory responses CSR: support for caregiving employees, a new challenge for companies Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
