Salaries: Collective bargaining agreement for the private insurance industry

Salaries: Collective bargaining agreement for the private insurance industry

Recently there were warning strikes, but now there is an agreement: Back office employees at insurance companies should receive more money in two stages.

In the collective bargaining dispute in the private insurance industry, employers and trade unions have reached an agreement.

According to this, the wages for the more than 162,000 office workers in the industry will increase by 3.0 percent from September 1, 2022 and by a further 2.0 percent from September 1, 2023, as the employers’ association AGV and the union DBV announced on Saturday. The Verdi union initially did not comment.

With this year’s May salary, all employees will also receive a one-time payment of EUR 550 and with the May salary for 2023, a one-off additional payment of EUR 500. The remuneration for trainees will also be increased. The term of the new collective agreement is 26 months until the end of March 2024.

According to the information, the trainees will benefit from two increases of EUR 50 each from September 2022 and September 2023 as well as a one-off EUR 300 in May and another EUR 250 in May 2023.

According to the AGV, the employers were ready for an “above-average increase in order to underline the attractiveness of the industry as a provider of high-quality training”. The chief negotiator for the German Association of Bank Employees (DBV), Ute Beese, spoke of a good conclusion. “Especially against the background of the current situation, we can live with the conclusion,” she said on request.

Although the tariff package cannot fulfill all wishes, it gives “a noticeable hold in uncertain times”, said the DBV as the union of financial service providers. Employees and trainees in the insurance office now have calculable stations of salary growth for the next 26 months.

According to the employers, the tariff package agreed after three rounds of negotiations affects around 172,000 office employees including trainees, the DBV spoke of 162,700 employees in the insurance office.

Source: Stern

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