Picture of COMMERZBANK AG logo

CBK — COMMERZBANK AG News Story

0.000.00%
de flag iconLast trade - 00:00
FinancialsAdventurousLarge CapNeutral

Germany labour union calls for warning strikes in private bank sector (updated)

UPDATE 1-Germany labour union calls for warning strikes in private bank sector

Adds details from statement

- Germany's Verdi labour union on Friday said that it was calling warning strikes in the private banking sector as it negotiates with employers for a pay increase.

  • Verdi said the strikes would be in the coming weeks and across the country.

  • It said that it was trying to increase pressure on employers ahead of a second round of wage talks scheduled for November 2.

  • Verdi wants a 6% wage increase for a deal covering 12 months.

  • "Those who contribute to the banking industry's success every day are rightly expecting their fair share," said Jan Duscheck, Verdi's chief negotiator.

  • The bank employers' association AGV Banken didn't immediately respond to a request for comment but has previously rejected the union's demands as too high.


(Reporting by Tom Sims
Editing by Linda Pasquini)

((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))

Recent news on COMMERZBANK AG

See all news