NAB comes under attack for CEO payrise and continued outsourcing

phonelineStaff who work for the BNZ, and who recently received their 4% pay rise, will be looking with interest at the 30% pay rise that their boss, John Stewart, the National Australia Bank CEO, received this year. The pay rise has created a fair amount of controversy in Australia with many thinking that an AU$2.2 million pay increase is a lot, even for the chief executive of a bank. AU$2.2 million could have instead made a tidy little $450 Christmas bonus for every staff member at the BNZ.

Meanwhile more than a hundred members of the Australian Finance Sector Union, who are also shareholders of the bank, have written to NAB asking it to reconsider its outsourcing strategy. This means NAB has been legally required to send the FSU members’ protest letter to all 370,000 of its shareholders. The workers’ letter asks the board to consider the potential damage that outsourcing will cause to NAB’s brand and to the effect on staff morale.

(thanks to splorp for the photo)

Advertisements

0 Responses to “NAB comes under attack for CEO payrise and continued outsourcing”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




You can contact us at:

0800 FINSEC (0800 346 732)
union@finsec.org.nz
www.finsec.org.nz


Creative Commons License
Join Now 0800 FINSEC

RSS LabourStart – act now to help other workers

  • An error has occurred; the feed is probably down. Try again later.

Finsec Photos

Archives


%d bloggers like this: