Financial Services Union and Danske Bank negotiate pay deal for 2025

FSU ballot members in Danske Bank on proposed deal

The Financial Services Union (FSU) and Danske Bank have reached a pay settlement for 2025 that if accepted by FSU members in Danske Bank would see a pay pot of 4.8%.

The FSU have begun to ballot their membership and are recommending the deal.

Commenting Mandy La Combre, Senior Industrial Relations Officer with the FSU said:

“The last few months have seen positive dialogue between the FSU and the leadership team in Danske Bank. Our negotiating team felt the Bank listened to our member concerns in relation to pay. This has resulted in a negotiated pay agreement which the FSU are recommending to its members.

The deal includes an average increase of 5.25%. Staff will get an increase of 3% up to 7%, with a consolidated increase of £1,500 being the minimum increase.

The new starting salary has been increased from £22,000 to £23,500 and all pay ranges will move by 3.5%.

All employees who joined the Bank from or after 1 October 2024 and whose salaries fall below the minimum of the pay range will have their salaries adjusted to meet the new minimum of their pay range.

If accepted by members  salary increases, and range increases will commence from 1 April 2025.”

ENDS