Home » HR practices » Professional development » Legal developments » European legislation » Germany: wage agreement in the banking sector Germany: wage agreement in the banking sector After a marathon-negotiation, the trade union Ver.di and the employers concluded, during the night of 21 to 22 June, a wage agreement for the 240 000 employees of the German private and public banks . The compromise was welcomed by banks and analysts. (Réf. 06644) Through . Published on 23 June 2006 à 9h40 - Update on 26 March 2013 à 17h40 Resources The agreement will apply for 25 months. It provides for a wage increase in two phases: by 3% as from September 2006 and then 1,5 % as from December 2007.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageEmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge 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