Northern Rock - Cashing In.

This Christmas, the staff at Northern Rock staff will receive a pay rise and hefty Christmas bonus.

Staff will receive a £200 bonus plus a one-off payment of 2% of their salary, on top of a 4% pay rise. The deal was hammered out last week with the Unite union.

According to the Shields Gazette, Northern Rock was warned by Unite that without its staff there would be no company left to rescue.

Northern Rock denied reports today that senior staff such as assistant directors would benefit from the package.

**Not bad work all things considered, as the bank is only going thanks to public money we have in effect turned the staff in Northern Rock into people on the public sector payroll.

Tags: Northern Rock

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