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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.”

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