FRANKFURT – There was no agreement following a fourth round of talks between Deutsche Bank’s Postbank management and the Verdi labour union in an ongoing wage dispute, a person with knowledge of the matter said on Wednesday.
Deutsche Bank raised its offer to a 10% pay increase in two steps during Tuesday’s negotiations, said the source.
The union has demanded a 15.5% pay increase for the thousands of workers and has held a series of strikes in the standoff.
Deutsche Bank declined to comment. A Verdi official said the union wasn’t able to immediately comment.
(Reporting by Tom Sims Editing by Miranda Murray)
