Around 4,500 staff at TSB are to be given a £1,000 bonus after the high street lender became the latest firm to announce payouts to help employees weather the cost-of-living crisis. The payment will be made to all staff at the bank earning up to £35,000 – working out at 76% of employees – and will be made in two stages, with £500 in October and the remaining £500 next February.
Trade union Unite said it had successfully secured the payout on behalf of workers at the bank to help with the rocketing cost of energy and wider eye-watering rises in the cost of living. National officer Caren Evans said: “Unite was able to successfully demonstrate to TSB that the lowest paid members of staff are struggling to meet their costs of living.
“The agreement announced today is welcome news for over 4,000 staff, and the £1,000 payment will be given to all those regardless of whether they are full- or part-time workers.”
