Bloomberg News

German Banks May Reach Employee Wage Deal Tomorrow, Zeit Reports

June 05, 2012

German banks may reach a wage deal with labor representatives in talks tomorrow, Die Zeit reported, citing an interview with Ulrich Sieber, chief negotiator for the country’s commercial lenders.

The parties may negotiate issues related to work on Saturdays and the extension of early retirement rules in separate talks, the Hamburg-based newspaper said, citing unidentified people close to employer representatives.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at

To contact the editor responsible for this story: Frank Connelly at

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