Bank employees' salary claims: a long struggle for the future!

Bank employees' salary claims: a long struggle for the future!

österreich, Österreich - On March 18, 2025, decisive collective bargaining took place in the Austrian financial sector, which will have far -reaching consequences for 68,000 employees. From April 1, the employees await a linear salary increase of three percent gross. In addition, the negotiations between the GPA union and the employers of the credit industry agreed to increase the pension fund contribution by 0.15 percent. These pension funds are essential for retirement provision, since employers make regular contributions for their employees. "These changes bring important positive perspectives in old-age insurance, especially for younger colleagues," emphasizes GPA chief negotiator Wolfgang Pischinger. In addition, the apprenticeship income was also increased by 3.15 percent, while children's allowances increase by three percent. The negotiations were influenced by the average inflation rate of 2024 by 2.9 percent, such as 5min.at reported.

Criticism of salary offers in Germany

In the meantime, there is disagreement in German banking on the salaries of employees at Volks- und Raiffeisenbanken. On February 12, 2025, a second collective bargaining round took place, in which the German bank employee association (DBV) rejected the increases offered as a "unreality". The employer offer, which provides for an increase of 4.5 percent from May 1, 2025, is in stark contrast to the demands of the DBV of a whopping 13.45 percent. "We are disappointed with the real salary offer that is not suitable for winning or keeping specialists," said DBV negotiator Stefan Griggel. The long terms of the offer and the salary levels, which remain behind those of other industries, have been heavily criticized. According to private-banking-magazin.de , the representatives are now negotiating the adaptation of the tariff tables and fear that the third tariff round on 17th and 18 March will not be easier. The differences between employee and employer representatives seem to be great, which makes negotiations even more difficult.

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Ortösterreich, Österreich
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