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Our Jobs Issue No.8 of 2014, Tuesday 18 November

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Strong campaigns bring results

It’s been a very busy month as you will see from the stories below with FSU engaged in a number of activities, all of them showing your union is working hard to hold employers accountable.

The ANZ campaign in particular has been very full-on, with organisers and reps digging deep to ensure members’ voices are heard. Congratulations to everyone for the 4700-plus petition.

We’ve got some way to go in the campaign but we’re very clear about what is at stake in the current enterprise agreement, so our negotiating team is fighting hard to ensure you get the best deal.

In CBA, the bank’s latest profit certainly shows a good performance but we need to remember the cost to bank workers who are at the mercy of humiliating whiteboard targets, frequently working overtime unpaid to meet these targets and get the rest of their work done. This culture needs to change and we’re committed to making it happen.

The result of the Vote No at Bank of Queensland is, however, a real triumph – one we can all celebrate – and a strong reminder to us all that everyone is better off in a union.

In solidarity

Fiona Jordan
FSU National Secretary

BOQ staff victory!

A fantastic effort from organisers, members and staff at Bank of Queensland who have rejected the bank’s offer of a 1.25% pay rise, with additional increases subject to performance.

The proposed agreement was voted down by more than 60% of the 531 staff who voted.

The ballot followed some excellent ground work from the team, including a 400-strong nationwide petition. Congratulations BOQ members!

ANZ negotiations ‘robust’

Our ANZ petition was a huge success but the team is still in negotiation over the new enterprise agreement. The final count for the petition was 4700-plus.

There were ‘robust’ discussions with the bank last Thursday and the situation will be discussed this week by the state based ANZ Local Enterprise Councils and the ANZ National Enterprise Council.

It’s expected that ANZ will put out an offer following these meetings.

We put it back on the banks

National Secretary Fiona Jordan and a team from the National office attended the CBA annual general meeting last week to represent CBA employees.

Bank executives were put on the spot over the financial planning fiasco with Fiona speaking about the need for the banking industry to think beyond the next quarter results and to invest in employees ‘who are burdened with sales targets they have to meet daily to avoid humiliation.’

"These employees, like those in the Financial Planning division, are placed in direct conflict with what is in the best interest of customers and meeting sales targets," she said.

"It is the same culture of sales-or-nothing that is endemic in this bank and in banking generally across this nation.

"Ultimately, as we have seen from the Financial Planning fiasco, this culture breeds bad outcomes for customers, employees and therefore the whole organisation.”

Fiona added both workers and the public had had enough of the culture of short-term thinking and long-term damage.

Fiona’s interview with the ABC programme, The Business

Good work noted

FSU’s work in the area of domestic violence leave and support for members has been hailed by the senate committee hearing submissions on domestic violence.

National Organising and Development Co-ordinator, Veronica Black, appeared on behalf of FSU and says our submission was well-received by both the committee and the chairperson.

Here’s an example of some of the feedback:

From committee chair, Kate Lundy: “Your evidence has brought a perspective that we have not heard before the committee during this particular inquiry, so we really appreciate it.”

From a committee member: "To the FSU as a whole “Can I thank you from the bottom of my heart for the work that you have done and the reform changes that you have been able to get your employers, being banks, to include voluntarily in their employment arrangements.”

FSU was the only union to be called to give evidence.

You can find the FSU submission here.

The transcript from Veronica’s appearance at the senate committee into Domestic Violence is here.

Let your voice be heard

A chance for FSU members to help shape the type of Australia they want.

The Australian Council of Trade Unions has produced a survey aimed at articulating the values of working people and forming the basis of what it will campaign around at the next election and beyond.

The survey is called Our Living Standard – Our Voice and is open to everyone.

Please take the time to participate: FSU will get the survey results but it’s also about growing the union movement.

Click here to take ACTU survey

Proud history, strong future

We’ve come a long way together, and all things going well there’ll be many more years together.

FSU officially turns 95 next month and we’ll be marking this notable occasion via a number of activities, so watch this space.

Meanwhile, you may be interested to know that the first bank officer union in Melbourne can be traced back to the efforts of EC Peverill, a bank officer who wrote to his employer that he wasn’t able to provide for his family on the salary he was being paid.

The Australian finance sector has, of course, undergone dramatic change but one thing has never changed: the union remains committed to members and putting them first.

Bank Officials' Ball - St Kilda Town Hall (Melb) 1923 (Picture opposite)

Don’t worry – we’ve got you covered

FSU members can now access discounted policies for a suite of personal and professional insurance products including:

  • Professional Indemnity
  • Public Liability
  • Income Protection
  • Life
  • Health
  • Home & Contents
  • Motor Vehicle
  • Travel

For more information on any of these offers, call us on 1300 853 352 or visit the FSU Member Advantage website.


Important information: Member Advantage Insurance & Superannuation Services is managed by Countrywide Tolstrup Financial Services Pty Ltd. Countrywide Tolstrup Financial Services Pty Ltd (trading as Member Advantage Insurance & Superannuation Services) is a Corporate Authorised Representative of Millennium3 Financial Services Pty Ltd ABN 61 094 529 987. Australian Financial Services Licensee - Licence Number 244252. 7/50 Borthwick Avenue, Murarrie QLD 4172.

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Authorised by Fiona Jordan, National Secretary
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