Bargaining with BNZ adjourned

Bargaining with BNZ was adjourned last week, as the Finsec team wanted to go back to members to seek feedback. The outcomes of bargaining so far fall short of the mandate set by members.

Union Councillor Tania Cooper said the offer fell short on two areas: the pay, and the bank still pushing to reduce current terms and conditions of staff. “With regards to pay the BNZ is currently not even willing to meet CPI – let alone keeping up with what some other banks are offering.”

Tania said there had been movement on some of the bank’s series of claims, but that the balance was still in favour of the bank’s operations and shareholders, and against staff. “If this is the bank for New Zealand, that includes staff. Staff want the bank to show some flexibility to meeting our needs not just their own.”

Some non-members at the bank didn’t sign up to Finsec in the lead up to bargaining because they didn’t believe BNZ would seriously pursue these changes. Last week’s negotiations show they are serious. Those who oppose the bank’s proposed changes need to join to support the Finsec campaign. Finsec members were able to stop reductions in their terms and conditions in 2009 and can do it again.

Finsec members at BNZ will be holding meetings over the next few weeks to discuss bargaining and our next steps.

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