Deutsche Submit says it agrees wage cope with union to keep away from strike

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DUESSELDORF — Germany’s Deutsche Submit postal firm stated on Saturday it had agreed a wage cope with the Verdi commerce union that will allow it to keep away from an indefinite strike threatened by unionized employees.

The provide – which members nonetheless have to vote on – would give Deutsche Submit’s 160,000 staff in Germany a one-off fee of three,000 euros over 15 months and raises month-to-month wages by 340 euros from April 1, 2024, the corporate stated in a press release.

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Which means wages will rise in whole by 11.5% on common, with salaries for employees in lower-paid brackets set to extend by greater than 20%.

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The deal may set a brand new precedent after unions in different sectors in Europe’s largest economic system such because the metallic and electrical or chemical and pharmaceutical industries just lately agreed wage hikes effectively under inflation.

Some 86% of members of the companies sector commerce union Verdi had voted on Thursday to reject a earlier wage provide prompting a brand new spherical of negotiating.

Brisk inflation and widespread labor shortages are emboldening unions in Germany and elsewhere in Europe to demand double-digit wage hikes this yr.

Verdi referred to as earlier on Saturday for strikes on March 13 on the nation’s northern airports, together with Berlin, which it stated would seemingly trigger longer queues for passengers and flight cancellations.

German client costs rose by 9.3% on the yr in February. (Reporting by Matthias Inverardi; Writing by Sarah Marsh)

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