Having just posted a $2.6 billion profit in the March quarter only days ago, CBA has now announced it will make a further 163 job cuts.
58 jobs will be slashed from Bankwest, with a majority located in Western Australia.
Bankwest has already shut their entire branch and ATM network, shortly after committing to the WA Government that it would create 500 new jobs. The announcement also follows an additional 130 job cuts from earlier this year.
These latest cuts will come from the bank’s retail technology and private banking areas – so once again, it is dedicated employees and the community who will suffer at the expense of increasing the bank’s record profits.
We understand this is difficult news for affected employees, and these changes could have a significant impact on your life and livelihood.
If you are impacted by these proposed job cuts, let us know so that we can provide you with support and representation during the consultation process.
Yes, I’m impacted by these cuts
Our advice to anyone impacted by these proposed job cuts is to engage in the consultation process – ask the bank questions about their proposal, how this will impact you and what measures they will take to ensure these impacts are minimised. Remember to put this in writing.
If you do not believe you have sufficient information or time for genuine consultation, tell the bank and ask for information and more time.
Remember, you do have rights and entitlements, and our union will ensure your voice is heard during this process. Please contact our Member Rights Centre on 1300 366 378 if you require urgent advice or assistance.
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