• Live
    • Audio Only
  • google plus
  • facebook
  • twitter
  • German money transport drivers will go on strike which could result in cash deficiency.

    German money transport drivers will go on strike which could result in cash deficiency. | Photo: Reuters

Published 1 January 2019
Opinion

Ver.di, one of Germany's unions called for a nationwide strike by drivers who transport money to ATMs and banks resulting in a possible cash crunch. 

Ver.di, one of Germany’s largest unions, Tuesday called a nationwide strike by 12,500 armed drivers and other workers who transport cash to banks and retail outlets across the country. The call was given after five rounds of unsuccessful wage talks.

RELATED:

Germany Closes Last Coal Mine Ending an Era of Coal Industry

The strike will begin Wednesday and could continue until Friday, depending on progress in the next round of wage talks which are scheduled for Thursday and Friday, the union’s lead negotiator, Arno Peukes, told Reuters.

“Our message to the employers is clear. If no negotiable offer is presented, the strikes will be expanded,” he said.

Hundreds of money transfers will be affected across Germany, potentially leading to serious consequences for retailers and bank machines, which are often empty after the New Year’s holiday, the union said.

The BDGW employers’ association said it was not expecting major consequences since bank machines had already been filled Tuesday.

A spokeswoman for the Federal Association of German monetary and value services said the strike was frustrating and could be expensive for companies, but services would continue.

Ver.di is pressing employers to boost wages by 250 euros (approximately $290) a month and to bring wages in former East Germany to levels on a par with those in the West over a two-year period.

Money counters and drivers currently earn 1,800 euros (approximately US$2,063) to 2,400 euros (approximately US$ 2751) per month in the eastern part of the country, compared to 2,200 euros (approximately, US$2,522) to 2,900 euros (US$ 3,325) in the western part, the union said.

Comment
0
Comments
Post with no comments.