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The Verdi services union said this was a clear "turn" in the Deutsche Bank's wage policy. Several years after outsourcing part of its activities to service companies - where the bank owns 100 percent of shares but offering much lower pay and working conditions -, the biggest bank in Germany signed, on June 22, with the Verdi union, a collective agreement the union says noticeable improves the situation for employees in these subsidiaries. Thus, nearly 2,000 employees from five DB subsidiaries will get, starting in January 2013, more annual leave and a wage increase. Besides, the work week will be cut in January 2014. (Ref. 120424)
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120424
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