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(Source: Reuters, July 1, 2015)

NEW YORK — German rail operator Deutsche Bahn has reached a wage agreement with the GDL train drivers’ union, ending a nearly year-long dispute which caused a series of strikes hitting millions of people, both sides said on Wednesday. Under the deal, reached after five weeks of arbitration, union members will get a 5.1 percent pay rise in two stages, 3.5 percent from July 1 and a further 1.6 percent from May 2016. There will be a reduction in overtime.

Full story: Reuters