PTSB, FSU, Mandate & Unite agree 2025 pay agreement

PTSB (“the Bank”) and its Group of Unions (FSU, Mandate & Unite) confirm they have reached an agreement on pay negotiations for 2025 following acceptance by members on 11th July.

The agreement, supported by an independent mediator, follows significant and extensive negotiations over the past number of months and includes:

• A 4% pay agreement divided evenly between a new ‘General Increase’ and a ‘Performance’ pay model which is backdated to 01st January 2025.

• An increase to entry level salary to €29,580.

• An increase to the existing grade minimum and maximums.

• From July to December 2025, a special representative grouping will be working on the present Performance Evaluation System.

The Bank and Group of Unions welcome the acceptance of this pay agreement by the members and acknowledge the extensive work and effort that took place between all parties to reach this agreement.

Ends.