Business · Companies · 13 hrs ago
Ver.di Calls Nationwide Warning Strikes at Private Banks
Ver.di has called nationwide warning strikes at private banks in Germany during pay negotiations.
The dispute affects about 150,000 bank employees, and the union is seeking a six percent pay rise, among other demands.
Employers made no offer at the first meeting in early October, according to Ver.di.
The union says the strikes are meant to increase pressure on employers before talks resume on November 2.
The employers' association has called the demands excessive and expects the strikes to have no noticeable effect on bank operations.
Whether employers make a pay offer may depend on Ver.di's willingness to negotiate, the association said.
Ver.di has called nationwide warning strikes at private banks during pay negotiations covering about 150,000 employees.
The union said the strikes are intended to increase pressure on employers before the next round of talks on 2 November.
Employers had not made an offer at the opening round in early October, according to Ver.di.
Ver.di is seeking, among other things, a six percent pay increase.
The employers’ association called the demands excessive and said it expected the strikes to have no noticeable effect on bank operations.
- Who
- Ver.di called the strikes, affecting negotiations for about 150,000 private-bank employees.
- What
- The union called nationwide warning strikes amid pay negotiations. It is seeking, among other things, a six percent pay increase.
- When
- The call was reported on 23 October 2026. The next negotiation round is scheduled for 2 November.
- Where
- Nationwide at private banks in Germany.
- Why
- Ver.di aims to increase pressure on employers before the next negotiation round, after employers made no offer at the opening round.
Ver.di
AGV Banken
Pay demands
Ver.di
Ver.di says employees deserve a fair share of the industry’s success.
AGV Banken
AGV Banken considers the demands excessive and says the list should be substantially reduced.
Strikes and negotiations
Ver.di
Ver.di called nationwide warning strikes to increase pressure before the next talks.
AGV Banken
AGV Banken expects the strikes to remain limited, with no noticeable effect on bank operations, and says a pay offer also depends on Ver.di’s willingness to negotiate.
The opening round of pay negotiations took place without an offer from employers, according to Ver.di.
Ver.di called for nationwide warning strikes at private banks.
The second round of negotiations is scheduled to take place.
- Employees affected
- About 150,000
- Pay demand
- Six percent increase, among other demands
- Next negotiation round
- 2 November
- Employers’ association
- AGV Banken
- Location
- Nationwide at private banks in Germany
2 sources
What people are saying
With profits, the banks deliver, but when it comes to pay, they owe their employees an offer.
Anyone who contributes to the industry’s success every day rightly expects a fair share.
We expect the warning strike to remain manageable and to have no noticeable effects on banking operations.