BERLIN (Reuters) - Logistics company Deutsche Post (ETR:DPWGn) and Germany's Verdi union failed to settle their wage dispute in the third round of negotiations, both sides said in statements on Friday.
Verdi said they had initiated a vote for union members at Deutsche Post on whether to take an all-out strike following the failed talks.
The services sector union, which has demanded a 15% wage rise for the roughly 160,000 employees in Germany with a term of 12 months, has held massive warning strikes before the upcoming vote on an all-out strike. The union said nearly 100,000 workers have participated in warning strikes since mid-February.
"Verdi has squandered a historic opportunity to secure the future of Deutsche Post in Germany," said Thomas Ogilvie, the member of the board responsible for personnel at Deutsche Post.