ANZ National members reluctantly accept bank offer

The ratification vote conducted over the last fortnight on ANZ National’s proposed collective employment agreement offer closed this afternoon at 3pm. 1170 (68%) voted to accept the offer and 718 (32%) to reject it. 68% of members voted in the ballot.

Feedback from union councillors who ran many of the meetings around the country was that members considered the offer unfair because not everyone gets a pay rise. Hundreds of bank workers will receive a reduced pay rise or no pay rise at all because of the bank’s position on red circling.

A lot of members chose to accept the offer in order to refocus on the two critical issues of targets and staffing.

The settlement offer means there are very high expectations for the bank to really deliver on its promised review of resourcing, staffing and targets early next year. Many members noted that working parties were often used by the bank as a way of shelving or dumping issues. It is up to us to make sure this does not happen.

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