More than 3,000 Post Office employees have received a pay rise of 7.3% after an agreement was reached between the Communication Workers Union (CWU) and the organisation.
The pay deal will cover three years, and includes pay rises and one-off lump sums for staff working in the Post Office’s Crown network.
The deal includes:
- A 3.9% pay rise from 1 April 2014.
- Payment of a further 3.4% paid in 1% instalments when targeted savings are achieved.
The deal will result in employees receiving a £2,300 lump sum paid this year, with the remaining £1,000 being paid in 2014/15 in two equal payments of £500.
The agreement follows months of negotiation and industrial action. Post Office strikes were averted last year after the union and organisation agreed fresh talks.
Post Office employees last recieved a pay rise in 2011.
Roger Gale, general manager of the Post Office Crown network, said: “The 3.9% pay rise and the opportunity for our employees to earn up to an additional 3.4%, subject to achieving further savings, is fully affordable and reflects the progress we have made in transforming our Crown network.
“More than 120 Crown branches have now benefited from investment in modernisation to improve services for customers and, in turn, create a sustainable and profitable Crown network in the future.”
Andy Furey, national officer at the CWU, added: “This is an excellent settlement that is the result of long and difficult negotiations. Post Office workers have been very patient in waiting for this well-deserved pay deal since the first industrial action was taken in March last year.
“We have worked with the Post Office to come up with ideas that have helped to achieve a result significantly different from where we started at the beginning of the dispute.”