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


Why is ANZ Attempting to Casualise its Workforce

Media release: FIRST Union
Thursday 25 September, 2014

Bank profits rosy, so why is ANZ attempting to casualise its workforce?

Workers vote on strike ballot

As banks celebrate their windfalls today, workers at ANZ are considering going on strike to protect job security at New Zealand’s most profitable bank.

A national strike ballot is currently being voted on by members of FIRST Union at ANZ, and some branches have already begun local strike action.

It follows a second round of employment negotiations after 98.5% of members rejected the bank’s previous proposal.

FIRST Union’s Retail & Finance Secretary Maxine Gay said that KPMG figures out this morning show bank profits are again rosy, but ANZ wants to make secure bank jobs insecure.

“ANZ wants to reduce security so workers would only know from one month to the next which days and start and finish times they are working.”

“In response, ANZ workers have been prepared to allow up to 20% of the workforce to be flexible, but that’s not good enough for the bank. They want every new worker to start on the insecure work contract.”

Workers in New Zealand are under enormous pressure from insecure jobs, Maxine Gay said.

“Insecure work may suit the boss – but it is unfair and does not work for workers. And for New Zealand’s wealthiest bank to try and impose more insecurity is disgraceful.”

Maxine Gay said that the bank’s proposals in relation to hours of work would see the most significant changes to terms and conditions since the amalgamation of the ANZ and National Bank employment agreements.

“The bank acknowledged workers’ efforts during the merger between the ANZ and National Bank brands.

“Now it is trying to turn ANZ jobs into poor, insecure jobs and offering pay increases below Government projections for the average wage movement across the country,” she said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


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>>