Strike averted at Ulster Bank as union wins new pay deal

Thousands of staff at Ulster Bank are in line for salary increases of up to 9 per cent after a new pay deal was signed off late last week.

The bank had been facing the prospect of strike action across its branch network in retaliation for pay reform proposals put forward by the RBS-owned lender. The Financial Services Union had argued the changes would “stagnate” pay for its members.

However, a new deal ...