Commonwealth Bank will cut 116 jobs nationally, the Finance Sector Union disclosed yesterday.
This latest round of job cuts will impact retail operations (47) but they cover a range of areas including Chief Technology Office (21) and Strategy and Performance (15).
The largest number of job losses in NSW (77), followed by Victoria (23). Eleven jobs are will be lost in WA.
Thesee numbers compare with a CBA payroll around 50,000.
The FSU has renewed calls for the bank to commit to no further job cuts and better pay and conditions in a new Enterprise Agreement for Bankwest workers.
The FSU has lodged a dispute against the CBA at the Fair Work Commission on behalf of its Bankwest members as negotiations for a new Bankwest Enterprise Agreement reached an impasse. An initial conciliation session was held in Perth last Friday in an attempt to resolve the outstanding issues.
“In addition to the closure of Bankwest branches, impacting 350 jobs, the Commonwealth Bank has cut over 280 jobs from Western Australia in the past two years,” Finance Sector Union National Assistant Secretary Jason Hall said.
“At the same time, the Bank is trying to force an inferior Enterprise Agreement on its loyal Bankwest workers at a time when inflation and cost of living is eroding workers’ pay,” Hall said
Bankwest is proposing a two-year Enterprise Agreement in order to align with the Commonwealth Bank Enterprise Agreement.
The FSU said the proposed agreement “proposes salary thresholds meaning the more Bankwest workers earn, the less their wage will increase, as well as cuts to overtime and weekend loadings, allowances and annual leave loading for higher earners.
“It provides the right for the bank to make changes to workers’ grades without consultation and notice, and cuts minimum notice periods when requiring employees to work in another position or location and when ceasing weekend work.”