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DEUTSCHE BAHN AG
Management Board report on relationships
with affiliated companies
The Federal republic of Germany holds all shares in DB AG.
Pursuant to Sec. 312 German Stock Corporation Act (Aktiengesetz;
AktG), the management Board of DB AG has therefore
prepared a report on its relationships with affiliated companies,
which concludes with the following (translated) declaration:
events after the balance sheet date
a Round of wage talks concluded with EVG
a Wage negotiations with the GDL
roUnD oF wage taLKS ConCLUDeD witH evg
We reached an agreement in the 2010 round of wage talks with
the EVG including a two-step increase in wages. Wages will rise
by 1.8 % as of march 1, 2011, and by an additional 2.0 % as of
January 1, 2012.
In addition, preferential payment of 1.0 % per year will be
paid for individual retirement benefits. Furthermore, vacation
pay and extra pay for shiftwork were raised by 1.5 %. The onetime
payments made in December 2010 will also become a part
of the wage agreement.
Agreement was also reached to extend the job security
pact between DB Group and EVG through 2011 and amend it to
reflect current conditions. This agreement continues to rule out
laying-off any DB Group employee for operational reasons. As
a result of this new realignment, agreements reached in
2005 regarding working hours and monthly pay were partially
rescinded. As of march 1, 2011, employees will work 39 hours a
week on a permanent basis and will again receive full wages for
these hours, which in fact means that as of march 1, 2011 their
pay will rise by 2.5 %.
“We hereby declare that, based on the circumstances known to
us at the time at which the legal transactions were entered into,
our company received reasonable consideration in each and
every legal transaction.
In the year under review, the company did not take or refrain
from taking any action at the instigation or in the interest of the
Federal Government or parties related to it.”
In total, the signed wage agreements will increase personnel
expenses in the 2011 financial year by about 6 % over the comparable
year-ago figure. The wage agreements will be valid for
a term of 29 months and run from August 1, 2010 to December
31, 2012. The agreement concluded the wage negotiations
between DB Group and the EVG.
wage negotiationS witH tHe gDL
At the beginning of February 2011 the GDL stated that their
negotiations with us and the local rail passenger transport
companies Abellio, Arriva Germany, BeNEX, Keolis Germany,
Veolia Transport and the Hessische Landesbahn had failed. At
the same time GDL also announced strikes in rail passenger
transport.