Deutsche Post Reaches Collective Agreement With German Union Verdi
September 23 2020 - 8:24AM
Dow Jones News
By Kim Richters
Logistics company Deutsche Post AG on Wednesday reached a
collective bargaining agreement for postal employees with German
union Verdi.
Deutsche Post said the agreement will run until the end of 2022
and includes pay increases as well as long-term job security.
It will cover around 140,000 employees, who will see their
salaries and wages rise by 3% on Jan. 1 next year and an additional
2% on Jan. 1 2022. For trainees, pay will increase by a total of 90
euros ($105.38) a month during the same two stages.
Under the agreement, full-time employees will also get a
one-time payout of EUR300 and part-time staff and trainees will
receive EUR150 in November.
The German company and the union also agreed to avoid forced
redundancies until the end of 2023.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 23, 2020 09:09 ET (13:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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