Belfast Telegraph

Christmas pay rise joy for Ulster Bank's staff

By Staff Reporter

Ulster Bank staff have received a Christmas boost with the announcement they will be getting a pay rise for the first time in three years and a one-off payment of £600.

At the end of the financial year in April, workers will receive a salary increase of between 1.75% and 8%, the first wage rise at Northern Ireland's largest bank since 2011.

Staff will also receive a lump sum payment of £600 before Christmas, and in the new year managers will see the return of performance-related bonuses.

The Royal Bank of Scotland-owned bank, which employs between 5,000 and 6,000 people in here and in the Republic, returned to profit this year.

Head of human resources Kevin Keegan said: "In line with Ulster Bank's commitment to paying people fairly and recognising each individual's contribution in returning the bank to profit in 2014, we now have a comprehensive and fair two-year proposal, focusing on those at the middle and lower end of the salary scales."

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