By Kim Richters 



  Logistics company Deutsche Post AG on Wednesday reached a collective bargaining agreement for postal employees with German union Verdi. 


  Deutsche Post said the agreement will run until the end of 2022 and includes pay increases as well as long-term job security. 


  It will cover around 140,000 employees, who will see their salaries and wages rise by 3% on Jan. 1 next year and an additional 2% on Jan. 1 2022. For trainees, pay will increase by a total of 90 euros ($105.38) a month during the same two stages. 


  Under the agreement, full-time employees will also get a one-time payout of EUR300 and part-time staff and trainees will receive EUR150 in November. 


  The German company and the union also agreed to avoid forced redundancies until the end of 2023. 


  Write to Kim Richters at kim.richters@wsj.com