Germany could face a shortage of cash

Across Germany from Wednesday, January 2, will begin a strike of collection services. The initiator of the strike — Verdi trade Union-called to join its action 12 thousand employees of the sphere related to the circulation of cash and securities.

This strike may cause serious problems for banks and retailers. For example, ATMs that are empty during the Christmas and New Year holidays may not receive new cash. It is also likely that failures at the withdrawal of daily revenue at Department stores, discount stores and construction markets, warned in the Union.

In turn, the representative of the industry employers ‘ Union (Bundesvereinigung Deutscher Wald – und Wertdienste) said that the supply of cash will not be interrupted. According to her, even on the New Year’s Eve, new cash was delivered to ATMs.

Tariff negotiations will continue on January 3 and 4. Representatives of Verdi demand to increase wages by 250 euros per month, as well as in the next two years to equalize the wages of collectors in the Eastern lands (1800-2400 euros per month without deductions and allocations) and Western (2200-2900 euros).

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor