No change to ANZ National offer – union reps to meet with CEO on Monday

Further negotiations yesterday between Finsec and ANZ National produced no change to the bank’s offer of 4%, despite Westpac members being offered 5% and confirmation from the Reserve Bank yesterday that inflation is tipped to hit 5% in the upcoming September quarter. Finsec National Organiser Bella Pardoe said that the case was put very strongly of the need for a 5% pay increase. Finsec reps presented a paper to the bank setting out the key economic and social arguments for a 5% increase. Members can view a copy of the paper here on the Finsec website: http://www.finsec.org.nz/ANZNational/ANZ%20National%20Negotiations%2024%20July%202008.pdf.

Pardoe said that the next step was a meeting on Monday with ANZ National CEO Graham Hodges, to try and convince him personally of the importance of ANZ National staff achieving a pay increase in real terms at a time in which staff are working harder and the bank has never been more profitable.

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