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THIS WEBSITE IS UNDER CONSTRUCTION.
All information should be considered a draft and links may not work as expected!
When we came to research and write the Unite at NatWest Pay claim for Pay 2019, the bank (then known as RBS Group) had returned to profit for the first time since 2008 and had paid a modest dividend to…
In early 2018 NatWest Group, then known as RBS Group, published its annual report for 2017 showing the first profit since the 2008 global financial crisis. Shortly thereafter, they announced their first shareholder dividend since the crash. It was in…
NatWest Group, then known as RBS Group, returned to profit in 2017 for the first time since the global financial crisis of 2008. Rather than halt their branch closure programme, the bank chose to accelerate it. This announcement of a…
As with all pay offers, Unite members had the final say. The results show that there was widespread dissatisfaction with the bank’s final offer with over a third of voters rejecting the offer. This newsletter was first published in February…
The Pay 2018 negotiations concluded with an offer being put to members. While there were some high numbers in the matrices, the bank’s performance related pay approach utilised a bell curve which ensured that only very few workers received the…
As negotiations towards a solution for Pay 2018 progressed, the Unite team shared an update with members. You’ll notice that the figures in the Unite pay claim are extremely modest. This is an indicator of how low pay was in…
NatWest Group began its programme of branch closures in the 1990s but they increased substantially following the 2008 financial crisis. By December 2017, the bank was starting to show signs of returning to stability and the annual report for that…
Following the 2008 financial crash, NatWest Group (then known as RBS Group) pursued a programme of savage cuts and cost-saving exercises. Many long-standing terms and conditions were removed. By 2017, Clerical staff (now known as A grade) had had their…
NatWest Group, then known as RBS Group, was severely impacted by the 2008 global financial crisis. Between 2008 and 2016, the bank reported substantial losses including a high of £24.1 billion in 2008. As a direct result of this, pay…