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| Name | Symbol | Market | Type |
|---|---|---|---|
| Deutsche Post AG (PK) | USOTC:DPSGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 49.33 | 0.00 | 01:00:00 |
From May 2022 to May 2024
By Cecilia Butini
Deutsche Post AG said Sunday that it has come to an agreement with the German Ver.di union to offer employees a wage increase.
The German postal-service company said that the agreement includes a special payment of 3,000 euros ($3,192) over 15 months to compensate for inflation, as well as a monthly increase of EUR340 from 2024.
The raise affects about 160,000 employees in Germany and the deal was closed despite a downward profit trend in the mail-and-parcel business and a difficult regulatory environment, the company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 13, 2023 03:47 ET (07:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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