The Employers’ Association of Insurance Companies (AGV), representing the majority of private insurers across the country, confirmed it would meet again with the United Services Union (Verdi) and the German Bank Employees’ Association (DBV) following three inconclusive negotiation rounds since late March. The unions, frustrated by what they view as inadequate proposals, are ramping up strike action, with a coordinated day of demonstrations set for June 26 in cities including Berlin, Munich, Frankfurt, Hamburg and Cologne.
