The
Royal Bank of Scotland (RBS) has hit back at union claims that it is not
sharing enough of its record profits with staff.
RBS
is expected to announce £7bn in profits, but stands accused of giving
below-inflation pay rises to staff by finance union, Unifi.
However,
the bank claims that remuneration for its 111,000 staff is ‘very competitive’,
with most employees receiving a package of basic pay, bonuses and a share of
profits.
RBS
said nearly four-fifths of staff have received additional bonuses of, on average,
10.6 per cent of their salaries.
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Unifi
estimated that the profits work out at £64,000 per employee.
