Westpac have announced the sale of their Life Insurance business and support functions including Risk, Group Technology, Legal, Finance & Complaints, and customer Solutions to TAL.
The decision comes as part of Westpac’s strategic specialised business division review and wider transformation agenda. A total of 560 staff are impacted by this announcement, with approximately 400 positions set to move across as part of the sale, and 160 roles to be cut.
FSU members across Life Insurance have been asking what this will mean for them.
Your Union is holding an urgent Zoom meeting for all effected employees.
When: Tuesday 24 August, 6pm
Where: Via Zoom Register here!
Points to be discussed will include:
- What are Westpac’s obligations to consult and support impacted staff?
- What are our rights when moving across to a new employer entity?
- What are our rights for those remaining at the Westpac Group?
- What steps can we take to ensure we are best positioned for this change?
Not a FSU member yet? Join with your colleagues here.