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National Australia Group: All-merit rises


Key details

Pay award: merit rises from 3.4% pot

Employees covered (nos.): staff and managers (12,000)

Effective date: 1 January 2005

National Australia Group (NAG) has awarded its employees all-merit rises from a 3.4% pay pot, effective from 1 January 2005, following negotiations with banking unions Unifi and IBOA. Individual awards for employees ranged from nil to 7%.