Finance union angered by pay double standards at RBS

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.

"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

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