FSU to ballot members on new Ulster Bank pay deal

Ulster Bank staff in the north are to be balloted over a new pay deal. Picture by Hugh Russell.

THE Financial Services Union (FSU) is to ballot its members within Ulster Bank's Northern Ireland operation over a negotiated pay deal.

The deal between the bank and the union, proposes 3.5 per cent increase for most workers and a 6.5 per cent pay increase for those on medium to lower pay.

The FSU said it also includes an additional 370 workers who previously did not receive pay increases.

If agreed, it will introduce a new entry rate of £19,000 for new starters at Ulster Bank.

The proposals follow talks facilitated by independent mediator Martin King.

Gareth Murphy, head of campaigns and industrial relations said: “Negotiations between the union and Ulster Bank have been underway for a number of months now with an inflation proofed pay increase for workers a key demand for the FSU.

“The cost of living is rising and causing huge issues for families and workers across Northern Ireland.”

“It is important that profitable employers recognise the work done by their employees over the last twelve months and increase the pay packet of their staff to protect them against the rising cost of inflation,” he continued.

“The agreement with Ulster Bank will be voted on in the coming weeks by union members. An inflation proofed pay increase is the least staff deserve.”

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