Danske Bank employees in Northern Ireland are set to receive a pay rise of 5.2% from April.
It follows talks between the Financial Services Union (FSU) and the bank, with the deal accepted in a ballot of FSU members working in Danske Bank.
According to the FSU, the agreement includes an overall pay increase of 5.2%, while all eligible Grade 2 to Grade 8 employees will receive a performance pay matrix percentage increase between 4% and 7% or a £1,500 pay increase – whichever is greater.
As part of the deal all salary pay ranges will move up by 3%, while the new minimum starting salary for Danske Bank staff will increase from £23,500 to £25,000.
Around 1,300 Danske Bank employees in Northern Ireland will benefit from the deal.
Senior Industrial Relations Officer with the FSU Mandy LaCombre said “the agreed pay increase is above the sector average and takes account of economic and labour market data, and the bank’s performance and profitability.
“It was important to the FSU that the pay increase recognised the professional work done by our members,” she added.
