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Latest News

Finance union angered by pay double standards at RBS

by Personnel Today 19 Feb 2004
by Personnel Today 19 Feb 2004

Financial
union Unifi has accused the Royal Bank of Scotland of offering below-inflation
pay rises to its staff, despite the bank registering record profits.

The
union claims the bank’s profit of £7bn amounts to £64,000 of profit per
employee – a fact not reflected in the pay rises offered to staff.

Clare
Moody, Unifi negotiating officer, said it was time to pay staff what they were
worth. She claimed some staff had not had a pay rise in four years.

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"How
does the bank think frontline staff feel when they hear of vast profits and
huge executive salaries, knowing that their own wages are worth less, in real
terms, year-on-year?" she asked.

By Michael Millar

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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