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ANZ profits are rising, wages are falling behind
Media Release: FIRST Union
Wednesday May 2, 2012
ANZ profits are rising, wages are falling behind
ANZ National’s 13% increase in profit for the year to March exposes the bank’s unwillingness to invest in their own staff, says the union representing bank workers.
“ANZ National’s profit pie keeps getting bigger,” said FIRST Union Finance Secretary Andrew Casidy. “But the slice for their own workers gets smaller and smaller.”
“Last year, the bank’s pay increase was well below the rate of inflation ,” said Andrew Casidy. “Despite being asked, the bank refused to top it up or to give any guarantees about protecting jobs in bargaining.”
Andrew Casidy said union members at ANZ National were currently meeting to develop claims to take into negotiations with this bank later in the year. “Today’s announcements make it even clearer that there’s no problem with the bank affording a fair pay increase for their staff.”
“We will be making it clear to ANZ National that their $615 million profit from the last six months must help fund a pay catch up for their hard-working staff.”
Ends.
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