Pay Deal recommended at Santander UK
4th February 2013
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.
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
The CWU represents staff in retail, commercial, corporate, customer service and support roles in Santander UK.
If you work for Santander UK and would like to join the CWU simply give us a ring on freephone 0800 731 7434 or email email@example.com.