Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Will 'The Guy Who Does The Lotto' Prop Up Kiwibank

Will 'The Guy Who Does The Lotto' Prop Up Kiwibank?

"Kiwibank should not rely on low wages, sub-standard security and poor conditions," said Don Farr, general secretary of Finsec, the union for bank workers.

"This is a bank started with tax payers' money by a Labour/Alliance Government. The Government cannot expect to maintain credibility with our members if it sanctions the undermining of their pay, security standards and conditions of work.

"Many Kiwibank employees will be employed, not by NZ Post, but by franchise holders in premises with inadequate security, where wages and conditions do not meet industry standards. The 'guy who does the Lotto' will also serve bank customers.

"There are glaring contradictions here. A bank set up for low income people is about to perpetuate low incomes and unsafe, sub-standard conditions among its workers. Workers have paid for the bank once through taxes and will now subsidise its operations.

"We are concerned about this, and we are also deeply concerned at the implications of these low wages and standards on the state of the industry as a whole."


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news