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


Westpac attacks workers for speaking out

05 January 2006

Westpac attacks workers for speaking out

Finsec members in Westpac have exposed for the first time exactly how debt sales targets work internally within the bank and have raised concerns about the impact on them and the communities that they are part of. Today Westpac will penalise staff for daring to speak out about this.

In today's pay packet the bank will give those staff not in the union a pay rise, and discriminate against union staff.

Despite Westpac's statements in the media that they want to resolve the current dispute with their staff, and their stated willingness to continue negotiations, they have told the union they are not available to negotiate until at least the end of January.

"The bank knows that for every day this dispute continues, our members are financially disadvantaged because their pay is now lower than staff who are not in the union" said Karen Skinner Campaign Director for Finsec union.

"We believe they are attempting to put financial pressure on staff to 'keep their mouths shut'. Given that many Westpac workers only just earn the average wage, this action will be felt heavily by members.

"We believe that there is a huge amount of support out there from the public for Westpac workers, and that many customers will be angry that staff are suffering for raising these concerns.

"All staff want is a deal which doesn't see their salaries kept the lowest in the industry due to unachievable sales targets" concluded Ms Skinner.


© 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