Pay Deal recommended at Santander UK

The CWU is recommending a pay deal in Santander UK worth 2.4% or more for most CWU members.

Members will be asked in a ballot whether they accept the pay deal. If endorsed, it would provide for performance-related increases of up to 2.7% for members up to and including managers, with most CWU members getting 2.4% or more. Senior Managers would receive a 1% pay award dependent on their year-end performance and position in pay range. Line managers would also have an additional 0.5% pay pot to increase the 1% pay award on a discretionary basis, in line with nationally agreed guidelines.

The draft agreement also includes for the first time a commitment to align the bank's national minimum salary with the National Living Wage, increasing the rate by 11% to £7.45 for existing staff. Allowances would also increase by 2% and some pay ranges would also rise. Members on protected Clerical Grade contracts would receive a 2% rise.

 Nigel Cotgrove
CWU Assistant Secretary Nigel Cotgrove commented: "At a very difficult time for the banking sector, the CWU continues to deliver for members in Santander. Under this deal most of our members will get an increase of 2.4% or more and the lowest national hourly rate is going up 11% to match the Living Wage. The national negotiating team is urging our members to accept this agreement."

The ballot opens on 4th February and closes on 22nd February. If accepted, the pay increases would apply from 1st March.

The CWU represents staff in retail, commercial, corporate, customer service and support roles in Santander UK.

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