AXA settles for 4%, profits rise by 22 percent

Collective employment agreement negotiations between Finsec and AXA concluded this week with a 4% salary increase. 

In the same week AXA, a fund manager and insurance group, also announced that it had increased its operating profit by 22 percent to $59.1 million last year and aims to double the business in five years. 

“While workers were happy to achieve a 4% wage increase it is important to remember that investing in New Zealand through workers wages is the least Australian owned business can do,” said Finsec Campaigns Director Andrew Campbell.

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