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


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