Wage Negotiations
Agreement reached in tariff negotiations between Deutsche Bahn and GDL
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Deutsche Bahn and the German Train Drivers' Union (GDL) have reached an agreement after days of negotiations. Details are to be presented on Friday at 11 a.m., avoiding warning strikes in the coming months. This is the first tariff round since 2018 without labor disputes.
Tariff negotiations between Deutsche Bahn and the GDL union show progress. Both sides report rapprochement after the fourth round, with talks set to resume on February 23. Strikes are unlikely for now, as a peace obligation lasts until the end of February.
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Following its December 19-20 policy meeting, the Bank of Japan raised its rate to 0.75%, prompting yen fluctuations, sustained high inflation, bank rate adjustments, and measured government support amid U.S. tariff concerns and shunto wage prospects.