ANZ's highest returning arm slashes 170 jobs 14 February 2024 5:24AM Latest news George Lekakis ANZ will slash up to 170 jobs in its commercial banking division ahead of a restructure of business operations in the coming months. read more
CBA stoush with union intensifies over branch closures 25 January 2024 4:43AM Latest news George Lekakis Commonwealth Bank has hit back at union claims that it is set to sack more than 20 staff employed in branches earmarked for closure in coming months. read more
FSU turns a surplus despite another big outflow of members in 2023 07 December 2023 5:44AM Latest news George Lekakis The rate of unionisation across the Australian financial services sector fell to a new low last year as banks shuttered hundreds of branches and accelerated rollouts of digital platforms. read more
RBA staff back EBA 04 December 2023 4:59AM Latest news Ian Rogers Reserve Bank of Australia staff have endorsed a three-year enterprise agreement, following a second vote that closed last Thursday. read more
RBA and FSU go to war over revised pay offer 22 November 2023 6:00AM Latest news George Lekakis While most banking industry workers are already pocketing 5 per cent salary rises, the RBA and the FSU remain at loggerheads over pay and conditions after six months of sporadic and almost fruitless e.. read more
Counting the costs of the Philip Lowe era 20 October 2023 5:59AM Latest news Ian Rogers Reserve Bank staff campaigning for a better pay offer from the bank will underline the pay benchmark set from the top – with governor Philip Lowe paid 11 per cent more in FY2023. As expected, the RBA.. read more
Union wants RBA Governor to intervene in pay stand-off 18 October 2023 5:31AM Latest news George Lekakis The Reserve Bank is facing the prospect of industrial action as its hardball negotiations with the Finance Sector Union intensify with no sign of agreement. read more
CBA and FSU agree on 13% pay deal 01 September 2023 4:28AM Latest news Ian Rogers Commonwealth Bank and the Finance Sector Union have reached an in-principle agreement over an improved Enterprise Agreement, including a sector-leading pay rise. read more
RBA rebels seek better pay deal 25 August 2023 5:08AM Latest news Ian Rogers Staff at the RBA have voted to reject a new enterprise agreement centred on a pay rise of 4 per cent. read more
CBA bombs out with latest wage theft tactic 24 August 2023 5:43AM Latest news George Lekakis Commonwealth Bank will have to cough up $3 million to thousands of branch staff who were told they were not allowed to take ten minute rest breaks in the last six years. read more
FSU pans Reserve Bank over 'sub-standard' pay offer 16 August 2023 6:05AM Latest news George Lekakis The Finance Sector Union is adamant the Reserve Bank will be forced back to the negotiating table after a 4 per cent pay offer is put to a vote of staff next week. read more
'Outrageous pay offer' crystallises conflict of interest for AusSuper director 09 August 2023 5:23AM Latest news George Lekakis The latest round of enterprise negotiations between the Finance Sector Union and the country’s largest superannuation fund, AustralianSuper is highlighting an awkward conflict of interest involving th.. read more
CBA set to axe around 250 staff 27 July 2023 5:58AM Latest news George Lekakis Commonwealth Bank is planning to axe up to 250 full time roles in Australia following a review in recent months of staffing requirements for its corporate centre operations. read more
Reserve Bank lashed over 4 per cent pay offer 20 July 2023 5:05AM Latest news George Lekakis Reserve Bank governor-elect Michele Bullock has urged the central bank’s salaried workforce to support a new pay offer to ensure they get pay rises at the same time as contracted staff. read more
NAB agrees to 5 per cent pay rise in 2024 and work from home rights 14 July 2023 5:28AM Latest news George Lekakis The Finance Sector Union has scored industry-leading pay rises and recognition of work from home arrangements under a new enterprise deal struck with the National Australia Bank. read more
FSU takes on CBA over return to the office edict 13 July 2023 4:52AM Latest news John Kavanagh The Finance Sector Union has filed a dispute in the Fair Work Commission over Commonwealth Bank’s direction to staff to return to the office. read more
FSU wants Bendigo enterprise deal to cover more staff 01 June 2023 4:52AM Latest news George Lekakis The Finance Sector Union has called on Bendigo and Adelaide Bank to widen the coverage of its enterprise agreement to ensure all staff receive a pay rise this year. read more
CBA to export another 40 jobs to Bangalore 13 April 2023 4:56AM Latest news George Lekakis Commonwealth Bank is poised to relocate about 40 roles in its business banking area to India. read more
FSU mends finances despite membership slide 22 February 2023 6:21AM Latest news George Lekakis The Finance Sector Union suffered a seven per cent decline in national membership last year, but aggressive cost cutting steered a recovery in its financial performance. read more
ANZ to re-engage with union on Friday 16 February 2023 6:17AM Latest news George Lekakis ANZ appears set to re-open enterprise talks with the Finance Sector Union after a seven-year absence from the bargaining table. read more