Verdi and the Federal Union of German Cash and Service Workers (BDGW) have reached an agreement in the collective bargaining dispute for the employees of the cash and value transport. Both parties announced the agreement on Tuesday in Frankfurt.
The agreement, as reported by Verdi, includes pay increases of 6.5% in North Rhine-Westphalia and up to 8.4% in the new federal states. As a result, the strikes scheduled for Wednesday will not take place. The Verdi Federal Tariff Commission approved the collective agreement.
The collective agreement has a term of 27 months until December 31, 2026. In North Rhine-Westphalia, the hourly wage for cash transport employees will increase from the current 21.18 euros as of January 1, 2025, to 21.85 euros and as of January 1, 2026, to 22.59 euros. In the new federal states, the hourly wage will increase from the current 18.47 euros as of January 1, 2025, to 19.22 euros and as of January 1, 2026, to 20.06 euros.
Additionally, an agreement was reached on a new framework collective agreement with a term of five years. This includes the harmonization of holiday entitlements and the harmonization of regulations for overtime supplements.
Verdi’s chief negotiator, Sonja Austermühle, described the agreement as a “representative conclusion.” Hans-Jörg Hisam, the BDGW’s chief negotiator, said the increased costs that will now be borne by the companies are “substantial” and will “inevitably lead to business consequences.