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

 

Strike at Westpac on 23 Dec

Strike at Westpac on 23 Dec

Staff at Westpac who are members of the bank workers’ union, Finsec, have voted to hold a nation wide strike on 23 December. The large number of members evidently angry at the bank’s current approach to employment relations has led Finsec’s Union Council to call for a strike on the last banking day before Christmas.

Westpac staff have been campaigning for several months to change the way the bank compels them to sell debt products to customers through a series of targets and performance measures.

For instance Westpac sets its customer service people a target of points they need to get each year. They receive only 10 points for opening a new account, but 25 points for selling a credit card. Staff want the bank to make an employment offer that removes the ethical dilemma that they may sometimes currently face when selling debt products to reach their target.

“We do not take this action lightly and we call on Westpac to recognise the overwhelming concern of customers and staff and remove debt targets from our pay systems”, said Maxine Mullen, Chair of the Westpac Union Council.

“We have tried writing to and talking with the bank. We have tried negotiating with the bank. We have tried debating with the bank in public. But the bank apparently will not move to address its staff’s concerns. That’s why we’re striking.” said Finsec Campaigns Director, Karen Skinner.

“The Friday before Christmas is one of the bank’s busiest days. Our members would rather use that day to highlight their concerns about the bank’s customer debt targets, than sell their customers further debt at the time of year when a lot of people can least afford it.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: