Finance Sector Union welcomes CBA's collective bargaining
The Finance Sector Union (FSU) has welcomed the Commonwealth Bank’s (CBA’s) move to collectively bargain with it, reflecting the wishes of CBA employees — with a draft agreement currently being considered by FSU members.
FSU national secretary Leon Carter said that CBA has been an enthusiastic user of the Australian Workplace Agreement under WorkChoices, but that the change to Fair Work Australia had meant that the bank had taken on board employee wishes for a collective agreement negotiated by their union.
“Workers at CBA have wanted a collective agreement to better protect their wages and conditions for some time, we congratulate [CBA] for coming to the table and more accurately reflecting the wishes of their staff,” said Carter.
“The one-year agreement would deliver a 4 per cent pay increase to employees who meet or exceed expectations for work during the 2009-10 financial year,” he added.
Carter said parental leave remains at 12 weeks on full pay for CBA employees, and that the bank was still considering whether to offer superannuation on unpaid parental leave, in the wake of Westpac and National Australia Bank doing so.
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