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


Westpac workers surprised by CEO's early departure

4th June 2008
For Immediate release

Westpac workers surprised by CEO's early departure

Westpac workers are expressing surprise at today's announcement that the bank’s New Zealand CEO Brad Cooper will be moving to Australia to oversee Westpac Australia's merger with St George Bank.

"In the short space of time that Brad has been at Westpac we have found him open to working with union members on addressing some long standing issues, it is a shame he won’t be here to see this work through," said Finsec representative Maxine Mullen from Westpac Levin.

"Former CEO Anne Sherry met with union staff representatives once - on her last day. Brad met with us in his first week. We have also met the incoming Acting CEO on a number of occasions and look forward to him maintaining a positive approach to resolving major problems such as target based pay and understaffing," said Mullen

"Westpac staff need stability. With collective agreement negotiations taking place soon staff will be looking for stability and no major shift in direction but we also want to see leadership on the important issues of fair pay, leave arrangements, reducing staff turnover, and fairer targets that are not focused on getting customers into unsustainable debt,"


© Scoop Media

Business Headlines | Sci-Tech Headlines


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>


New Report: Waitākere Kauri - Look After It, Or Lose It

With no cure for kauri dieback disease and treatment options still being trialled, the Auckland region faces a very real threat – take urgent action in the Waitākere Ranges or risk losing kauri from our forests altogether. More>>