Westpac mediation brings results – is it enough?

Mediation with Westpac this week resulted in changes to their offer, most significantly of which there is now a pay offer and the bank has removed all their claims including changes to public holidays and hours of work.  The Westpac offer is for a 16 month term, with a 1.5% increase from 1 August 2010 and an additional 2.5% in April 2011.

Union Council Chair Maxine Mullen says that although the changes are good there are still some real gaps between the offer and members’ expectations. “The changed offer shows our campaigning has had a real impact and that we have been strengthened by the many non-members who joined us in the last couple of months.”

“However, the total offer is less than predicted inflation for the next year, so is effectively a pay cut. We’ve seen no movement on the long-standing issue of annual leave, and members still see the real value in bargaining each year.”

An indicative vote is being run on the offer and closes at the end of next week.

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