ANZ National staff campaign for fair industry leading pay

Bernadine McGuiness - ANZ National Union Councillor Traditionally ANZ National Bank has been an industry leader on pay for its employees.  We believe a key factor in achieving that that position has been historically higher levels of union membership and union activity than other banks.  However those high levels of membership cannot be taken for granted.  Over the last two years membership at ANZ National Bank has fallen.

ANZ National can still afford to be the industry leader. Last year the bank made over $1 billion profit. That’s up a quarter of a billion dollars from the year before.

However ANZ National is spending less per dollar of income to make this profit. In 2005 the bank spent 47.7 cents to make each dollar of income. According to the KPMG Financial Institutions Performance Report that decreased in 2006 to 45.0 cents.

Bank staff are asking for a fair share of these good results. Last year ANZ National’s parent company, ANZ, gave it’s five top senior executives pay rises of between 8% and 29%.

Finsec members at Westpac and PSIS have both campaigned and won 4.5% pay increases this year. PSIS membership grew by 13% and Westpac members recruited 250 new members. ANZ National can afford to recognise its staff’s hard work. So this year Finsec’s ANZ National Union Council is also seeking 4.5% pay increase for union members at the bank.

Advertisements

1 Response to “ANZ National staff campaign for fair industry leading pay”



  1. 1 No news yet from ANZ National negotiations « …the gossip Trackback on 27 July, 2007 at 2:54 pm

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

Cathie Lendrum

Carl and Oliver

Westpac North East Valley, Dunedin

Westpac North East Valley, Dunedin

piggybank on leash

More Photos

Archives


%d bloggers like this: