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.


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

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