Suncorp have today announced that Group net profit after tax has more than doubled to $780 million. Congratulations to all staff whose commitment and hard work has seen Suncorp's profit grow. 

Normally this would be good news for staff, who could rightly expect to share in the success of the company. Unfortunately for Suncorp staff, all they have received is an offer described by one member as "utterly appalling".  

Suncorp are offering a pool of 4% in 2011 and 4% in 2012, with this pool reduced to 3.5% in 2013 and 3.5% in 2014. Staff have no certainty over how much of this pool they will receive. It will depend on "manager's discretion" and may see staff go backwards. 

Staff have continued to show commitment and loyalty after a very difficult 18 months in Suncorp that have seen hundreds of redundancies, uncertainty, and negative press about the company and its performance. 

Staff deserve better than an Agreement that gives management total control over pay increases and gives four years of uncertainty around pay. 

After years of uncertainty around job security and cultural change, the least staff deserve is guaranteed pay outcomes which keep ahead of cost of living increases. 

FSU's claim is for a guaranteed 4% increase per year (plus STI) for all staff covered by the Agreement that will deliver pay certainty and see staff's commitment and loyalty rewarded.  

You can support FSU's claim by: 

• Telling Suncorp what you think in an e-mail to AskOneTeam@Suncorp.com.au 
• Posting on FSU's blog 
• Joining FSU online.