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Vattenfall Unions Plan German Worker Ballot After Pay Talks Fail

March 20 (Bloomberg) -- Vattenfall AB’s German workers will be balloted on possible labor protests after three unions said talks on pay and job security collapsed.

The electricity company’s proposals on preserving positions, training and wages, presented in a third round of negotiations covering 15,000 employees, were all unacceptable, the IG BCE, Ver.di and IG Metall unions said in a joint statement.

The company offered raises of 2.75 percent for this year and 1.75 percent 2014, as well as terms for avoiding mass firings through February 2016 in any reorganization, Stockholm-based Vattenfall’s German unit said in a separate statement.

To contact the reporter on this story: Tom Lavell in Frankfurt at tlavell@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

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