Above-inflation increase at RWE

Unions at German energy company RWE have agreed a pay deal which delivers a staged 3.7% increase and a large lump sum. It runs for 25 months from 1 January 2021 to 31 January 2023. Pay goes up by 2.0% in March 2021 and a further 1.7% in April 2022, well above current inflation. In addition, there is a tax-free lump sum payment of €1,000 in April 2021, and the end-of-year bonus rises from €421 to €850. Both unions involved, services union ver.di and energy and chemicals union IGBCE, described the settlement as a “good result”.

1 euro = 89p on 22 January 2021