Paragon members accept across the board inflation-plus pay offerTelecoms & Financial Services May 5 2021
Members in Paragon Customer Communications have voted by two-to-one to accept a CWU-brokered pay deal that will see members on the Santander account receive a fully consolidated 2% increase
The company’s ‘final offer’, which had been recommended for acceptance by the union’s National Team, received the backing of 66.67% of those who cast a vote in an electronic consultative ballot that closed yesterday (Tuesday)
Management has now been informed of the result, which means the settlement will be paid in this month’s salaries, backdated to April 1.
Set against a prevailing RPI inflation rate of 1.4%, the deal delivers a real term increase for Paragon members employed in Santander’s mail rooms at Bootle, Carlton Park and Bradford.
For those Paragon employees who are in receipt of a contractual bonus, there will also be an unconsolidated payment of £200 which will be subject to tax and national insurance.
Thanking members for supporting the deal, CWU national officer for Sally Bridge said: “It’s the firm view of the CWU National Team that the deal we achieved represents a fair and reasonable increase that is over the current rate of inflation, and that it was undoubtedly the best that could be secured by negotiation.
“At a time of considerable upheaval in the Bank it represents a well-deserved recognition of the contribution made by our Paragon members over a difficult year, and allows us to now concentrate on the wider issues thrown up for the post room employees by the Bank’s unprecedented rationalisation of its property estate.”