German insurance employees to get two-step salary rise – union

© Reuters. German insurance employees to get two-step salary rise – union

FRANKFURT (Reuters) – German union Verdi said on Saturday it had reached agreement with employers to raise salaries for 170,000 employees in Germany’s insurance sector.

Salaries will increase in two steps, Verdi said, with the first raise – 2.8% – taking place on April 1, 2020 and the second – 2.0% from June 1, 2021. The new deal will also include a one-time payment of 225 euros per employee on Dec. 1, 2019.

The agreement will run until end-January 2022.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


READ  Uber hires more IPO underwriters as it prepares to go public - sources


Please enter your comment!
Please enter your name here