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WESTPAC GROUP ENTERPRISE AGREEMENT 2016

National Australia Bank`s overall result, which reported revenue of 2.5% to more
than A$6.6 billion, was slightly overshadowed by the group`s nearly 20% cut.
«This agreement creates the right balance between employees, businesses and
shareholder interests,» Hanlon said. ANZ has reached an agreement with
approximately 20,000 employees in Australia to extend the 2015-2016 corporate
agreement for an additional year. «In addition, the new agreement includes a
number of enhanced benefits and protections for employees,» Hanlon said. While
«sad business» and transition leave may attract the most attention, the new deal
would not benefit the entire workforce any more. The final agreement will be
approved by eligible staff in June before being submitted to Fair Work Australia
for approval. The new agreement will cover most of Westpac Group`s employees,
including its regional brands St.George Bank, Bank of Melbourne and BankSA.
Westpac announced today that it has reached an agreement in principle with the
Financial Sector Union on a new company agreement covering approximately 30,000
employees in Australia. Peter Hanlon, Executive People and Transformation of
Westpac Group, said the new agreement is a win-win situation for employees and
Westpac. The new agreement, which has not yet been submitted to the Fair Work
Commission, is supported by Westpac executives and 90% of employees who voted in
the FSU vote. The current agreement expires on 31 December. Around 30,000
employees are expected to benefit from the new agreement.

And in 2016, the International Convention Centre included a provision in its EE
that allows employees to ask their employer to use up to five days of paid
annual leave (or five days of unpaid leave) to change gender identity or undergo
sex reassing surgery. Parker said that while these types of negotiations are
often complex, Westpac and AUS have brought a constructive approach to the
negotiating table and reached an agreement on time. The prospects for real wage
growth for thousands of workers in the financial services sector are dwindling
after the Commonwealth Bank made a low-wage offer in its current corporate
bargai cycle. Djambawa Marawili, elder of Yolnu, Arnhem Land, adds: «Ceremonies
and periods of mourning last for days, weeks and even months, depending on the
beliefs of the language group and the social status of the deceased. Christine
Parker, Westpac Group`s Director of Human Resources and Corporate Affairs, said
the new agreement is a big step forward in our offering to employees and will
help solidify Westpac`s position as the preferred employer in Australia. Some
would see it as discrimination, that is, they would selectively benefit one
group over another. Dent believes that when the time comes for other major banks
to renegotiate their company agreements, employees, unions and bank customers
will likely expect these benefits to be offered. Then it will become a norm
rather than an exception, she says.

The proposed agreement is valid for a period of three years and provides workers
with more certainty about long-term conditions […].

golfoedama 2021-10-14T07:10:47+01:00

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