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


ANZ - Restoring Staff Faith?

ANZ - Restoring Staff Faith?

Much has been said by the ANZ in the last few days about its program ‘Restoring Customer Faith’. What they haven’t been so keen to discuss is the very real need they have to restore staff faith as well.

A second round of collective agreement negotiations concluded last week with only a minor improvement to the bank’s previous offer. Finsec members around the country met at short notice stop work meetings on Friday and voted resoundingly to reject the bank’s offer, again.

“The key issues outstanding revolve around a pay increase (the bank is offering 3% for the next year when other banks have offered more), a change to annual leave provisions, collective agreement coverage for some ‘more senior’ staff, an extension of clock hours for new staff to 11.00p.m and the bank’s insistence on a 2 year term agreement” said Geraldine Molloy of Finsec.

“The bank has heralded its own new franchising structure as being the way of the future. For Finsec members this means regional CEO’s competing with each other to spin the most profit, longer branch opening hours, more cost reductions and less job security” she said.

“Finsec negotiators have constantly told the bank that the level of trust and confidence its staff has in this new structure is low, that they need to work on restoring this and that a good outcome to these negotiations would be a positive step in that direction” said Molloy.

“On Friday, large numbers of Finsec members told the bank to start listening harder” she said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>