Tesco Bank has given more than 3,400 of its staff a £1,250 pay increase, on a full-time equivalent basis, to help with the increased cost of living.
More than 90% of the bank’s workforce are eligible for the increase, which was made effective from 8 January.
The uplift to salaries, which followed discussions between Tesco Bank and both the USDAW and Unite trade unions, is in addition to the bank’s annual pay review, which will follow in May as usual.
