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Abbey: merit rises for staff

Key details:

  • Pay award: merit rises from 3.5% pay pot

  • Employees covered (nos.): staff and managers (28,500)

  • Effective date: 1 February 2004

    Abbey, formerly Abbey National, has awarded business support staff and managers all-merit rises from a 3.5% pay pot. Individual rises ranged from nil to 5.3% with a fully effective performer at the midpoint of the scale receiving an award worth between 2.5% and 2.8%.