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News from the National Secretary's Office

One has to marvel at the intransigence of Australian banks. With more than 1 million Australian households projected to experience some form of mortgage stress by December this year, and both the Reserve Bank and the Federal Treasurer calling for...

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Recently we spoke to members about the issue of Debt Stress in our society and throughout our industry. Click here for a copy of the Debt Stress publication.   It has now been widely acknowledged that the US sub-prime economic woes are...

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New economic modelling projecting the loss of 850,000 jobs in the Australian services sector was released this week by the National Institute of Economic and Industry Research. The report identified that 1 in 10 service sector jobs could be sent...

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Who loses in a takeover? Thursday, 15 May 2008

News that Westpac is proposing a takeover of St George and Bank SA has shaken up Australia’s finance industry. The news comes hot on the heels of QBE’s bid for IAG. The IAG board have rejected the bid, but the prospect of merging...

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The Federal Government needs to review all bank licensing arrangements to ensure that Australia’s major banks maintain back office jobs in the country. The offshore race to the bottom is clearly intensifying with ANZ and Westpac...

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Getting serious on staffing Wednesday, 16 April 2008

FSU is consistently contacted by members under severe pressure at work due to inadequate staffing. It’s an issue that is not confined to one employer or even one part of our industry, but right across the spectrum. Members working in...

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Nominations open for FSU Election Tuesday, 1 April 2008

Nominations are now open for positions on the FSU Local Enterprise Councils in each of our state branches. The Local Enterprise Council (LEC) is a state forum for reps elected by members at their particular enterprise. It’s an...

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WorkChoices officially dead Wednesday, 19 March 2008

FSU members who participated in the Your Rights At Work campaign can rightly feel proud and satisfied today, as the Federal Government’s transitional IR bill has completed it’s first passage through the House of Representatives and...

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Debt stress media blitz Wednesday, 5 March 2008

Judging by the comments passed on by members, a number of people have noticed the FSU commenting on the issue of debt stress on radio, television and in print.   The prime reason for entering the debate is to ensure...

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State of the Union Wednesday, 8 August 2007

State of the Union At a time of political change, employment issues in the finance sector will continue to be addressed by the FSU and its members. At the time of writing this report we are about to head to the polls for a...

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