Unite secures extra cost of living payment for three out of four Virgin Money UK staff
- Tuesday 19 July 2022
Unite has won an £1,000 additional payment to lower paid staff through the cost of living crisis
Unite, the union representing staff working across Virgin Money UK (VMUK) has today secured a £1,000 one-off payment for three out of four staff. All those who earn less than £50,000 annually will receive the payment.
Caren Evans, Unite national officer said: “Unite has secured the £1,000 payment following a campaign to show Virgin Money UK how the increases to the cost of living is hitting the overwhelming majority of its staff.
“The union will now continue to campaign to secure a consolidated pay increase for the whole workforce to ensure that all wages increase in line with inflation.”
The payment, which is subject to tax and National Insurance, will be paid to staff in August. The payment will not be pro-rated for part time workers and there will be an option to pay some or all the money into the employee pension if that is the preference. Overall, 78 per cent of colleagues will benefit from this payment, which is not related to pay or bonus.
Unite is dedicated to advancing the jobs, pay and conditions of its members and will fight back against any efforts to diminish workers' living standards.
For media enquiries ONLY please contact Unite senior communications officer Saba Edwards 07768 693 953.
Twitter: @unitetheunion Facebook: unitetheunion1 Instagram: unitetheunion Web: unitetheunion.org
Unite is the UK and Ireland’s leading union fighting to protect and advance jobs, pay and conditions for members working across all sectors of the economy. The general secretary is Sharon Graham.