Private Banks Pay Round: Verdi Demands 6 Percent More Pay – and a Shorter Term

TVS News AI, editorially supervised, presents Private Banks Pay Round: Verdi Demands 6 Percent More Pay – and a Shorter Term.

What Verdi now wants from private banks

When Verdi opens a collective bargaining round, it's rarely just about a single number. The union has now presented its demands for employees at private banks – and the package is extensive.

Do you work at a private bank, in the back office, or at a branch? Then this pay round concerns you directly. According to the union, Verdi is demanding six percent more pay, a shorter contract term, and additional days off.

Beyond that, another item is on the agenda that affects many employees directly: the use of artificial intelligence in the workplace.

Six percent more pay – the core demand

The heart of the demand package: six percent more wages and salaries. Verdi enters the private banks pay round with sweeping demands, according to the union.

Shorter term and more days off

Alongside the financial boost, a shorter contract term is on the list. That means the new deal should be up for review faster, rather than being locked in for years.

Also on the list: more days off. How many additional days and in what form is not clear from the available information.

AI deployment becomes a negotiation topic

Another point on Verdi's list: the use of artificial intelligence in the workplace is also to be negotiated. Verdi wants to explicitly bring the topic to the bargaining table.

What happens next?

The demands are on the table. How the employers' side will respond, when the first rounds of talks will begin, and whether warning strikes will ultimately be on the cards, remains open.