Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Bank shareholders profit while you wait

Bank shareholders profit while you wait

"Last year, in the fifteen minutes it took a bank customer to get to the top of the queue, the big five banks together made a total net profit of $315,000," said Andrew Casidy, General Secretary of the bank workers' union, Finsec.

"This translates into a total net profit for the five big banks of $2.3 billion a year - an hourly total of $1.2 million - as compared to the previous years all-up profit of $1.9 billion.

"Of course the customer will be lucky to find a bank branch because almost every three business days since 1994 a New Zealand bank branch has closed. They will still get the very best service bank staff can give them, in spite of the fact that every business day since 1994, 2.8 bank staff have lost their jobs.

"These figures from KPMG reports* validate the concerns of staff who have responded in large numbers to a survey which is part of our union's campaign to reduce stress as a workplace hazard.

"Finsec's survey asks participants to identify three major obstacles to their work/life balance. The results have, so far, overwhelmingly pointed to low staffing levels as the primary cause of stress.

"It's time the banks reduced the hazardous levels of stress amongst their staff. The Health and Safety in Employment Act says they must, and they certainly can't complain that they're too hard up to do it!" Andrew Casidy concluded.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Claims About The CPTPP

As a Tufts study usefully explained, some of the basic mechanisms of the original TPP (and the CCTPP is not radically different in this respect) would – in practice – contribute to income inequality, by further tilting the existing imbalance between those reliant on profit-taking as a source of income, and those reliant on wages...

Under the original TPP deal, the Tufts team estimated, 5,000 jobs would have been lost across New Zealand. More>>


Growing The Regions: Provincial Growth Fund Open For Business

The new $1 billion per annum Provincial Growth Fund has been officially launched in Gisborne today by Regional Economic Development Minister Shane Jones. ... More>>


22/2: Earthquake Memorial Service In Christchurch

"The theme of this year's service, 'Keeping their dreams alive" helps us look back at all that we've lost with a sense of hope and aspiration for the future,'' says the Mayor. "It also helps us to recall all those who came to our rescue and those who offered support at our time of need and what that meant to us." More>>


Submissions Closing: Mangroves Bill 'Designed To Bypass RMA'

Forest & Bird is releasing emails which show the Mangroves Management Bill is intended to completely override the safeguards of the Resource Management Act (RMA). More>>


EQC Shakeup: Chair Of Earthquake Commission Has Resigned

The Chair of the Earthquake Commission, Sir Maarten Wevers, has resigned following receipt of a letter from Minister Responsible for the Earthquake Commission, Dr Megan Woods expressing her displeasure with the performance of the Commission ... More>>


NZer Of the Year: Gender Pay Equity Activist, Kristine Bartlett – A Brilliant Choice

National Council of Women (NCWNZ) CEO and Gender Equal NZ Spokesperson, Dr Gill Greer says she’s delighted with news that equal pay champion, Kristine Bartlett, has been named New Zealander of the Year . More>>


Perceived Transparency: New Zealand #1 Least Corrupt Public Sector In The World

New Zealand's public sector is ranked the least corrupt in the world, according to Transparency International's 2017 Corruption Perceptions Index (CPI) released globally today. More>>


Reviews: Three-Year Work Programme For Education

The work programme includes the NCEA review, a review of Tomorrow’s Schools, developing a future-focused Education Workforce Strategy, a continuous focus on raising achievement for Māori and Pasifika learners, an action plan for learning support, an early learning strategic plan, a comprehensive review of school property. More>>





Featured InfoPages