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http://www.businessweek.com/news/2013-03-25/deutsche-bahn-reaches-6-percent-pay-deal-in-19-month-agreement

Bloomberg News

Deutsche Bahn Reaches 6% Pay Deal in 19-Month Agreement

March 25, 2013

Deutsche Bahn AG and its main labor union agreed to a 19-month contract providing a total 6 percent pay increase, ending a dispute that prompted a railway strike across Germany a week ago.

The agreement will raise wages by an annual 3 percent in May 2013 and April 2014, and the 130,000 employees covered by the contract will also receive a 500-euro ($640) one-time bonus, the state-owned, Berlin-based train operator said today in a statement. Deutsche Bahn will also increase pension-fund payments, it said.

The pay talks reached a “respectable result,” the Eisenbahn- und Verkehrsgewerkschaft labor group said in a separate statement.

The EVG held a five-hour strike that led to cancellation of 150 trains on March 18, with disruptions to long-distance, commuter and cargo services. The union was demanding a 6.5 percent raise. Deutsche Bahn had offered increases of 2.4 percent this year and 2 percent in 2014, while the EVG said the proposal didn’t cover all workers.

To contact the editor responsible for this story: Tom Lavell at tlavell@bloomberg.net


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