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


ANZ National workers narrowly accept bank offer

ANZ National workers narrowly accept bank offer

Workers at ANZ National Bank have voted by a slim margin to accept their bank’s latest employment offer. This brings to an end one of the largest private sector employment negotiations in New Zealand; negotiations which were marked by the largest industrial action in the finance sector in over two decades.

2664 workers, who are members of the finance sector union, Finsec, voted by a 59.8% majority to accept the bank’s offer which includes a 5% pay increase over 16 months, and several other improvements.

Members of the union see this dispute as the first step in a broader campaign to improve employment conditions in New Zealand’s banking and finance industry. ANZ National workers have made some important first steps. Union members in other banks and insurance companies will now be looking to their employers to continue this progress.

Finsec Campaign Director, Karen Skinner, said that members’ reluctance to accept this offer sends a clear message;

“This first step of the campaign has not fixed all of the key problems in the industry but the change in union culture should be a wake up call for employers. It shows that members can and will stay unified, active and committed for long periods of time to fight for issues of principle.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news