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


TSB Bank workers come in from the cold

TSB Bank workers come in from the cold

"After twelve years in the employment wilderness the union group at TSB Bank has grown strong enough to initiate bargaining for a collective employment agreement," said Geraldine Molloy, National Organiser for the bank workers' union, Finsec.

"Under the Employment Contracts Act terms and conditions sank from some of the best in the finance sector to some of the worst.

"In most areas of their terms and conditions they are now woefully behind employees in other major banks in New Zealand.

"We are delighted that TSB management is now recognising the value to Taranaki, not only of their shareholders but also of their employees, as the Taranaki community itself has done for many years.
"We look forward to the bank joining us in setting out a process for conducting bargaining in an effective and efficient manner, as required by the Employment Relations Act.

"We congratulate the union members at the TSB who have worked hard for this moment in the knowledge that together they can get a better deal," Ms Molloy concluded.

© 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>>


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>>


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>>



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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news