Strike duration extended by Verdi by an additional two days following the issued warning

Latest Updates on Verdi's Industrial Actions

Strike duration extended by Verdi by an additional two days following the issued warning

Let's break down the current state of industrial actions led by the Verdi union in Germany, specifically focusing on the postal services, airports, and public sector:

Airports

• Current Situation: Verdi has been organizing warning strikes at airports across Germany, including Munich, Berlin, and Düsseldorf. Recently, these strikes led to the cancellation of over 640 flights at Düsseldorf, Cologne, and Stuttgart airports, impacting about 115,000 passengers daily. These actions have brought about significant travel disruptions in many parts of the country, with some airports experiencing almost all flights being canceled for a day.
• Key Demands: The union is demanding a minimum wage of €20 per hour before tax, equivalent to an 8% raise with a minimum increase of €350 per month, along with higher bonuses and additional time off.
• Negotiation Update: talks are still stalled, and further strikes are being planned to ratchet up pressure on employers. Negotiations are expected to resume soon, but no significant breakthroughs have been announced yet.

Postal Services and Public Sector

• Recent History: Previously, Verdi announced warning strikes among postal workers, public transport employees, and other public sector roles. The union put forward demands, including an 8% wage increase (minimum €350), higher allowances for apprentices, three additional days off, more flexible shifts, a shorter workweek, and increased overtime pay.
• Resolution Update: After multiple rounds of negotiations and strikes that extended over several months, an agreement was reached in early April, ahead of a planned indefinite strike. However, the details of the settlement have yet to be widely publicized, and some issues might remain unresolved for specific groups.

Look Ahead

• Airports: The next round of negotiations for airport security staff is not yet scheduled, but the union plans to continue organizing warning strikes to pressure employers.
• Postal Services/Public Sector: Ongoing or follow-up negotiations may occur if new grievances arise or if the previous agreements do not satisfy all union members. At the moment, major strikes in these sectors have subsided.

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1. The union, Verdi, is demanding improvements in the finance sector, particularly in the banking-and-insurance industry and fintech companies, requesting better wages and benefits, similar to their successful negotiations in the postal services and public sector.
2. As the impact of Verdi's industrial actions continues to disrupt airports and public transportation in Germany, particularly during warning strikes at major hubs, investors and businesses alike are keeping a close eye on these developments, as potential future strikes aimed at the finance industry could have significant financial repercussions.

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