Reward in TSB 2025 - pay agreement signed
Following ongoing discussions with TSB, and after seeking members' feedback, Accord and Unite have signed an agreement on the 2025 pay review.
Although there wasn't a huge response from members, what we did get was balanced between those who were pleased with the overall reward outcome for 2025:
“The reward is a great acknowledgment to how hard employees have worked during the last 12 months, and it's reassuring that we are being rewarded for our contribution to TSB’s success.”
And those who felt that the reward didn’t meet their needs and expectations:
“Very disappointing based on the ‘record’ profits TSB has seen, and another brutal year of work surrounded by change, instability and job risks.”
In a message to members this morning, Accord's General Secretary, Ged Nichols said:
"The latest inflation figures, announced on 13 February, showed an unexpected and unwelcome increase. And we all know the world geopolitical and economic situation is full of uncertainties at present.
We, therefore, went back to TSB to share members’ feedback and have further talks.
TSB has agreed to Accord and Unite’s request to reopen salary discussions in the event of prolonged inflationary increases occurring during 2025 where this has a significant impact for colleagues.
On this basis, we have reached an agreement and I’m pleased to confirm that all pay rises that are due in April will be paid."
If you have any comments or questions re the pay offer, you should email: [email protected]
