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BARCLAYS’ lowest-paid workers are set to benefit from a £1,200 “cost-of-living” salary increase, Unite announced today.
Following calls from the union and discussions with bosses amid soaring inflation, the bank has agreed to increase the annual pensionable wages of 35,000 employees on lower pay grades from August 1.
Some will see their wages increase by 5.5 per cent, while others will pocket a 4.7 per cent rise, said Unite.
The union stressed that the staff will also benefit from additional pension contributions and enhanced overtime payments as the deal is not a one-off payment.
National officer Dominic Hook said: “Unite has won this significant financial recognition for our members across Barclays.
“This is a victory as the union made sure staff concerns were heard at the highest levels of the bank.
“As all employees face significant cost-of-living increases, Unite has campaigned to ensure that this bank recognised the need to act.
“Unite representatives at Barclays have shown to all their colleagues the importance of the collective voice within the union.”