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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)

  • Published On Apr 17, 2024 at 02:25 PM IST

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