CBA sued by workplace regulator for wage theft 12 October 2021 5:52AM Latest news George Lekakis Commonwealth Bank’s standing in the Australian community has taken another hit following a decision by the Fair Work Ombudsman to institute civil penalty proceedings against the company for underpayin.. read more
Banks baffled by the payroll bloat 08 September 2021 6:34AM Latest news Ian Rogers The cost story in the quarterly APRA analysis of the industry is dire, the staffing side of things anyway. read more
Analysis: Public relations may shape RBA pay claim 22 April 2021 6:11AM Latest news George Lekakis The pro-inflation faction of juniors and stirrers may have the upper hand at the Reserve Bank, with the RBA Staff Association set to lodge a bid for pay increases of 4 per cent or more. read more
ANZ staff lose redundancy guarantee ahead of branch cuts 20 April 2021 4:15AM Latest news George Lekakis ANZ has promised to redeploy around fifty staff affected by its latest round of branch closures across the country. read more
ANZ rolls through CEO talkfest unfazed 19 April 2021 6:53AM Latest news A few sharp questions on credit cards and branch closures awaited Shayne Elliot, ANZ's group chief executive officer, when he fronted the House of Representatives Standing Committee on Economics on Fr.. read more
Amazing Marching 4 Justice and fair play 15 March 2021 5:50AM Latest news Ian Rogers Thank feminism and feminists and free education. But thanks for nothing you blokey, old-guard bank brass. It's time to ask of the top 100 – or 1000 – executives at your bank, how many have deep experi.. read more
CBA escalate, seeks bank-wide vote on Enterprise Agreement 12 March 2021 6:23AM Latest news Ian Rogers Commonwealth Bank will force a ballot of all employees over a proposed (and long delayed) Enterprise Agreement that the Finance Sector Union labels a “con-job”. read more
FSU restructures after financial hits 17 February 2021 6:38AM Latest news George Lekakis Industry-wide job culling and negative returns from managed investments helped to drive a slide in the operating performance of the Finance Sector Union, which has now embarked on a restructuring prog.. read more
ANZ slashes more branches 16 February 2021 5:50AM Latest news George Lekakis ANZ is stepping up its program to reduce its branch footprint across Australia after confirming it will close another 19 outlets in coming months. read more
Second vote likely on CBA pay dispute 15 February 2021 4:56AM Latest news Ian Rogers The simmering dispute between Commonwealth Bank and the Finance Sector Union over the terms of a bank-wide pay rise may be put to a second, and digital, vote. The bank and the union are getting closer.. read more
Embracing the BEAR 15 February 2021 4:39AM Latest news John Kavanagh The Banking Executive Accountability Regime has introduced greater clarity for executives about their individual accountability, leading to better decision making and problem solving. read more
Real incomes set to slide in financial services industry 16 September 2020 6:21AM Latest news George Lekakis The prospects of real wage growth for thousands of workers in the financial services sector are waning after Commonwealth Bank stumped up a low-ball pay offer in its current round of enterprise bargai.. read more
Westpac offshoring strategy unravels 30 July 2020 6:30AM Latest news George Lekakis The Philippines is one of the best places to do business in Australia. Westpac may be repatriating 1000 contact centre jobs but they will offshored again soon. That’s the way Westpac works. read more
Westpac masks the worst with holiday leave edict 23 July 2020 4:49AM Latest news George Lekakis Hats off to the activists at the (once more growing) Finance Sector Union for calling out Westpac, CBA and Bankwest and others for shameful attempts to compel essential, worried and financially insecu.. read more
20 2 4 Bells for CBA 25 May 2020 6:15AM Latest news Ian Rogers In Matt Comyn’s C-suite a push to overturn the old boys culture is overdue. read more
Westpac to axe 300 BT staff 21 June 2019 11:39AM Work & career George Lekakis Westpac is poised to announce a major redundancy program in its BT Financial Group subsidiary as early as next week following its strategic decision in April to exit financial advice. read more
CBA faces jobs deadline 23 April 2019 4:01PM Major Banks Banking Day staff Facts over the extent of branch closures and job cuts at Commonwealth Bank will be flushed out before the Fair Work Commission. read more
Banks slapped on 'pay gap' 08 March 2019 5:08PM Work & career Ian Rogers The FSU wants confidentiality clauses in Enterprise Agreements ditched, in the name of pay equity. read more
Branch redundancy row costs NAB 27 February 2019 5:24PM Major Banks George Lekakis National Australia Bank is facing a major industrial showdown with the Finance Sector Union over plans to slash customer service staff currently employed across the national branch network. read more
Training deficit exposes banks 09 April 2018 3:08PM Work & career Banking Day staff The time and quality of training provided for bank staff, and the staff of suppliers for banks, is one theme being pushed by the Finance Sector Union at the Hayne royal commission. read more