Earlier this year the FSU delivered a major win for members as the Commonwealth Bank (CBA) acknowledged that thousands of employees had been underpaid superannuation and other entitlements.
The CBA has now announced that more than 36,000 current and former part-time staff were short-changed on these important entitlements.
CBA will now pay employees $16.7 million in unpaid super, plus interest, when annual leave re-credits are taken into account.
This is an incredible victory for the FSU. We went into bat for CBA staff and won substantial back-pay for our lowest paid members.
CBA will start advising impacted current employees from next week the amounts of superannuation and leave to be re-credited, with former employees being contacted over coming weeks. We will be in touch with our CBA members early next week with more details about how to ensure that CBAs back payment process runs smoothly.
Congratulations to all FSU members who were involved in delivering the largest back payment to current and former employees in FSU history.
Know someone that may be impacted, ask them to join the FSU today.