BankSA: Secure your conditions
Wednesday, 16 July 2008
Help Save BankSA!
A recent email by BankSA Management has caused some people to think that the BankSA / St George Enterprise Agreement will remain in place until at least 2010, no matter what.
Fact: If the merger goes ahead Westpac will only be bound by the BankSA / St George Enterprise Agreement for 12 months.
BankSA employees have a better Enterprise Agreement than Westpac staff.
The following is a summary of the legal entitlements that could be lost if the takeover goes through.
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Provision
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St George Enterprise Agreement 2007
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Westpac Enterprise Development Agreement 2002
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Salary Increases
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4% pay increase in October 2008 and 4% increase in October 2009
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No commitment regarding pay increases
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Disputes
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Allows for AIRC to make binding arbitrated decision to settle disputes.
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No provision for arbitration of disputes.
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Performance objectives
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Must be mutually agreed
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No requirement for mutual agreement.
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Paid Parental Leave
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13 weeks
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6 weeks
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Severance Payments
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10 years service – minimum 43 weeks severance
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10 years service – minimum 34 weeks severance
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Information Sharing
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Bank to provide Union with quarterly reports on staffing
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No commitment re staffing information
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Offshoring
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Offshoring Guidelines provide additional entitlements for staff whose positions are made redundant due to offshoring
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No extra entitlements for staff whose jobs are made redundant due to offshoring.
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Pay Equity
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Commitment to conduct Pay Equity Audit
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No commitment to Pay Equity Audit
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Long Service Leave
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Applies after 10 years service
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Applies after 15 years service
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Expiry date
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1 October 2010
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Agreement expired on 30 June 2004
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The best way to save your EA & Conditions is to help stop the takeover. .
For more information on the campaign go to www.savebanksa.org.au
Authorised By: Leon Carter, FSU National Secretary