Verdi Union Demands 12.5% Salary Increase in Public Banking Sector

The Verdi union has opened negotiations in the public German banking sector with a bold demand. Following a member survey, they are seeking a 12.5% salary increase, or a minimum raise of 500 euros, with a 12-month duration. Jan Duschek, the chief negotiator, emphasized the necessity for this significant pay rise to compensate for the accumulated real wage losses of employees in the public banks.