German mailing and logistics company Deutsche Post AG (DPW.XE) said Friday it has agreed with the ver.di labor union to raise wages for domestic employees.

MAIN FACTS:

- Wages of the around 130,000 contracted employees will rise 3.1% on Aug. 1, 2013, and an additional 2.6% on Oct. 1 next year.

- Trainees' wages are rising by 6.1%.

- The agreement is valid until May 31, 2015.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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