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

 


Coroner Blames Stress At Work For Suicide

Friday, May 10, 2002

Coroner Blames Stress At Work For Illness Resulting In Suicide

A Christchurch Coroner has found stress at work to have precipitated a depressive illness that resulted in the death of an ANZ bank worker.

"This finding will have significant repercussions on the punitive performance management systems in financial institutions," said Don Farr, Finsec General Secretary.

"Finsec has, for many years now, been aware of the health risks of performance management. Although it vindicates our concerns this finding brings us no joy. Banks need to recognise their responsibilities to be humane employers," Mr Farr concluded. "This was a shocking tragedy just waiting to happen."

"Coroner Richard McElrea has told the ANZ Bank that 'requirements of financial performance as they affect employees should accommodate individual circumstances.'

"He found the bank's failure to adjust targets unreasonable, after it had given employee, Mike Smith, considerable sick leave to deal with a depressive illlness."

Don Farr explained that after a 20 year career with the ANZ Mike Smith was one of 70 people promoted to a new managerial position. Yet he, along with more than two thirds of his colleagues, was unable to meet the targets the bank imposed. He began to suffer from a depressive illness. The bank refused Finec's request to adjust his targets.

"The Coroner also advised the bank to cease its practice of 'publishing performances of employees to other employees' and advised the Bank to 'explore 'in house' the ways it might handle a like case differently," Don Farr said.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

Half A Billion Accounts: 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>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news