The Co-operative Bank: 3.5% paybill increase
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Key details: Pay award: merit rises from 3.5% pot Employees covered (nos.): all staff excluding senior employees (4,000) Effective date: 1 April 2005 |
Around 4,000 employees at The Co-operative Bank have been awarded all-merit increases from a 3.5% pay pot, effective from 1 April 2005. Under the terms of the settlement, a flat-rate increase of 1.75% was awarded to all staff, unless they were "subject to advanced disciplinary proceedings or their performance did not meet the required standard".
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