Danske Bank staff are set for an average pay rise of 6.2%, after the bank and the Financial Services Union reached agreement on an enhanced pay review for next year.
The agreement is scheduled to come into effect from 1 April 2023.
The FSU and Danske had previously concluded a three year pay deal which was accepted by members in late 2020. The pay increase which had previously been agreed for 2023 was 3%.
"We have been in negotiations with the bank for the last number of weeks and believe this is a positive outcome for our members," said Mandy La Combre, Senior Industrial Relations Officer with the FSU.
"The original agreed pay deal for 2023 has been more than doubled and the entry salary will be increased from £18,300 to £20,225," she said.
This enhanced pay review is an addition to the recent cost of living payment, also agreed by the FSU.
"Bank staff, like everyone else are struggling with the cost-of-living crisis," said Ms La Combre.
"This agreement will give certainty on pay for 2023 and together with the cost-of-living payment help financially support staff at a difficult time," she added.
John O'Connell, General Secretary of the FSU said this deal is something the FSU will look to replicated across other employments.
"At a time when workers are struggling to pay their heating bills and see weekly shopping bills escalate it is important that profitable employers work with Unions to ensure that staff are financially supported," he said.
