We have mediation with ANZ next Tuesday 4 November in the afternoon. The mediation is in response to the various causes of action that we have filed. ANZ have cross filed alleging we are not acting in good faith.
Through the lawyers, ours and theirs, we have agreed to meet in the morning to discuss the bargaining.
As a show of good faith we have said that we will cease industrial action until at least midnight on 4 November 2014. Therefore please hold off any planned actions.
ANZ members will be updated after 4 November on how discussions have progressed.
Meanwhile statutory profit at ANZ’s New Zealand operations rose nearly 25 percent to $1.71 billion, up from $1.37 billion last year.
CEO David Hisco’s commented that profits had been “driven off the back of a highly engaged workforce”, and FIRST Union Retail & Finance Secretary Maxine Gay said that this highly engaged workforce deserves a better deal than a pay offer which is well below what other major banks have settled on this year.
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 3.5 percent.
Reserve Bank Governor Graeme Wheeler said that the economy appeared to be adjusting to the policy measures undertaken by the Bank over the past year and that a period of assessment remained appropriate before considering further policy adjustment, but Council of Trade Unions economist Bill Rosenberg said the Reserve Bank should be reducing the OCR.
The government’s employment law changes are at odds with its approach in the related areas of health and safety and immigration law, FIRST Union said last night.
Yesterday evening Parliament passed the final stages of the Employment Relations Amendment Bill.
The bill weakens collective bargaining provisions, puts more barriers in the way of workers taking industrial action in support of a wage claim, puts access to meal and rest breaks at risk and removes protections for certain vulnerable workers.
Following the recommendation of the National Leadership of Bank Workers, coordinated by Contraf-CUT (The Brazilian Confederations of Financial Sector Workers), the vast majority of bank workers’ assemblies, held on Monday 6, approved the new proposal presented on Friday by Fenaban (The National Federation of Banks), the employers’ association, ending a nationwide strike which began on September 30. According to the agreement, wages will raise 8.5% (real growth of 2.02%), the wage floor will raise 9% (2.49% above inflation) and meal vouchers, 12.2%.
A select group of union leaders from Allianz and UNI Credit met in Bucharest to boost their organizing campaign, recruit more members in the capital, further develop their networks and get to more than 50% density nationally to be able to conduct formal collective bargaining negotiations with the company.
The training was co-organized by FSAB and UNI Finance, with the facilitation of Lisa Eldret who has been a leading expert in organizing campaigns.
Pakistan Bank Insurance Finance Employees Federation [PBIFEF] the long standing UNI affiliate in Pakistan initiated an organizing drive in January 2014 to bring all banking and insurance industry trade unions under one apex federation. So far, the responses from the finance industry unions for the initiative have been positive.