Deutsche Post Agrees With Union on Employee Pay Raise
March 13 2023 - 4:02AM
Dow Jones News
By Cecilia Butini
Deutsche Post AG said Sunday that it has come to an agreement
with the German Ver.di union to offer employees a wage
increase.
The German postal-service company said that the agreement
includes a special payment of 3,000 euros ($3,192) over 15 months
to compensate for inflation, as well as a monthly increase of
EUR340 from 2024.
The raise affects about 160,000 employees in Germany and the
deal was closed despite a downward profit trend in the
mail-and-parcel business and a difficult regulatory environment,
the company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 13, 2023 03:47 ET (07:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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