CTU Runanga calls on iwi to ditch ANZ

Maori trade union representatives are calling on iwi to ditch ANZ until they settle their current industrial dispute.

The bank has failed to respect the workers that made it the most profitable bank in the country, according to CTU Vice President Maori Syd Keepa.

“This foreign-owned bank’s profit of $1.7 billion is a 20% increase on last year. New Zealanders will see little benefit from this – profits will be sent offshore to satisfy the bank’s shareholders,” said Syd Keepa.

“But the bank still wants more, and at bargaining they’ve been trying to attack workers’ security of hours to bolster these profits.”

“Workers have indicated that they are willing to concede some ground on this, but they need to be compensated fairly for that. That is what collective bargaining is all about – give and take.”

“Those iwi that have business with ANZ are allowing the bank to get away with its unfair bargaining practices. We are calling upon iwi to signal to the bank their intention to shift their money until they compensate their workers for the sacrifices they are making.”

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