Archive

 
 
Page 1 of 111: Next

20 Month Pay Deal Recommended In Alliance & Leicester

11th June 2009

The CWU is recommending a 20 month pay deal in A&L, now part to of the Santander Group.

"The offer has been secured in the exceptional circumstances of a recession, with inflation below zero and falling, in the wake of the £1.3 billion loss by the Bank in 2008. Against this background we are urging our members to support the deal" said Nigel Cotgrove, Assistant Secretary.

"The offer will provide increases of up to 3.75% over the 20 month deal with most of our members getting a rise of 2.3%. It includes valuable minimum payments to protect the lowest paid" added Joe Reynolds, National Secretary.

The offer also provides improvements to pay scales, pay progression arrangements and allowances and moves the pay review date to 1st March in future, bringing A&L into line with Abbey.

The draft agreement covers all staff below senior management level who work for the A&L.

Full details of the offer are available in the members' only section of this site.