Co-operative Bank: 3% interim pot

Co-operative Bank has awarded its 3,500 clerical, appointed and managerial staff all-merit rises from a 3% paybill budget, effective from 1 April 2000.

This year's pay deal is an interim arrangement pending the introduction of a new broadbanded salary and grading structure later this year. The intervening pay deal ensures that employees who at least "meet most expectations" in their job receive a 2.5% basic salary increase, subject to a guaranteed minimum of £300 (pro rata where applicable).