Collective bargaining for banks is entering the next round

Released on 19.09. 2021

  • The city center of Frankfurt am Main with the banking district – the separate collective bargaining for the public and private banks in Germany is going on to the next round. Photo: Uli Deck

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More money and more flexible working conditions: The demands of the trade unions for thousands of bank employees are on the table. Now the negotiations continue.

Frankfurt / Berlin (dpa) – The separate collective bargaining for the public and private banks is going into the next round. For this week is the second date of the negotiations for the 60 000 Employees of state and development banks as well as several savings banks.

On Friday (24. 9.) The Verdi and German Bank Employees Association (DBV) are also in Berlin with the Employers of the private institutes back to the table. There it is already in the third round about the working conditions for about 140 000 Employees.

A big topic of this year’s collective bargaining round: more flexible working conditions. After the positive experiences with mobile working during the pandemic, Verdi and DBV are calling for binding collective bargaining regulations. The topic of mobile working / home office is one of the sticking points in collective bargaining for both banking groups. Verdi wants to ensure that bank employees are allowed to work mobile for up to 43 percent of their working hours.

It’s also about money: Verdi is demanding 4.5 percent more money for both banking groups, but at least 150 Euros more per month. The DBV calls for 4.8 percent more money for both private and public banks as well as a reduction in weekly working hours by one hour 38 hours.

The employers’ association of the private banking industry (AGV Banken) had rejected the wage demands of the unions as unrealistic. In view of the tense situation in the industry, “strict cost discipline” is required.

When it comes to mobile working / home office, the negotiators of the Association of Public Banks in Germany (VÖB) were prepared to compromise for the public banks shown. On the other hand, the employers’ side of the private banks sees the issue more at the company level than in a collective agreement.

For the first time since 1972 the collective bargaining community of public banks is again acting independently for its current 38 member institutes. The goal: more precisely fitting solutions instead of the lowest common denominator. In a first step, the trade unions and employers agreed on a collective agreement for young professionals at the public banks in mid-August.

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