The collective bargaining dispute at Postbank was resolved after almost three months. In the fifth round, unions and employers agreed on Wednesday on salary increases in two stages and protection against dismissal extended until the end of 2027. Verdi and the German Bank Employees Association (DBV) as well as Deutsche Bank announced this on Thursday. Customers can therefore breathe a sigh of relief. Warning strikes had repeatedly caused service restrictions in the collective bargaining round that had been ongoing since February 6th.
According to the unions, the approximately 12,000 employees in the Deutsche Bank Group will receive 7.0 percent more money with a Postbank collective agreement from June 1, 2024, but at least 270 euros. From July 1, 2025, standard salaries will increase by a further 4.5 percent. Employees can decide each year whether they want to take four weeks of additional vacation per year in exchange for a corresponding pay waiver. The collective agreement runs until March 31, 2026. A Deutsche Bank spokesman said: “This agreement is already taken into account in our financial planning and does not change our cost targets for this year and next year.”