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Home > Finance > Employees of German cooperative banks secure 11% pay increase

Finance

Employees of German cooperative banks secure 11% pay increase

Published by Global Banking and Finance Review

Posted on March 18, 2025

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FRANKFURT (Reuters) - Tens of thousands of employees for Germany's cooperative banking sector secured an 11% pay increase after multiple rounds of wage talks, the employers' group representing the banks said on Tuesday.

The pay increase, which affects 135,000 staff, will take place in three steps and between April 2025 and April 2027.

(Reporting by Tom Sims, editing by Kirsti Knolle)

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