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The FSU’s campaign to secure Australian finance jobs has achieved a major victory with FSU and ANZ reaching agreement on the establishment of a $10m skills fund to assist employees affected by offshoring.
Enterprise bargaining between FSU and ANZ commences this week. Job security will be a focus of the negotiations, and the FSU will be seeking the inclusion of initiatives already agreed upon to be incorporated in an enforceable Collective Enterprise Agreement.
Click here to read more about the FSU’s ANZ EB Claim and find out how you can get involved and have your say on your future employment conditions.
In response to widespread concern from FSU and other stakeholders about Federal Budget measure to alter taxation arrangements for Employee Share Schemes, the Treasury released a paper proposing to make further amendments to the Schemes. The FSU and other concerned unions responded jointly to the Treasury options paper, welcoming the Government’s change of heart, which will mean that the majority of FSU members participating in Employee Share Schemes will not be disadvantaged.
In response to enquiries from members, the FSU has prepared an OHS information sheet on H1N1 Influenza (Swine Flu) for members to refer to.
The FSU’s submission to the Productivity Commission Inquiry into Executive Remuneration is now available online. The union has recommended greater disclosure of executive performance pay criteria and pay relativity ratios, and end to short term incentive payments, and the linking of long term incentive payments to corporate social responsibility outcomes.
Wage deals draw union ire
Less than three weeks after Telstra dropped its year-long refusal to deal with unions, ANZ, which employs 20,000 workers, has confirmed it will start talks with the Finance Sector Union today.
The breakthrough came after a recent meeting between ANZ chief executive Mike Smith and FSU officials, including national secretary Leon Carter.
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