$530 million profit? Bendigo Bank can afford to give us job security

25 August 2026

Bendigo Bank just posted a bumper profit – $530 million. It's little comfort for staff, though. No matter how much money the bank makes, management has demonstrated that they're not interested in investing in or respecting their employees by protecting our jobs or offering job security.

Since announcing its 2030 'strategy', the headcount of Bendigo Bank staff has dropped 14% partly due to the bank’s ‘strategic partnerships’ with multi-national outsourcing companies Genpact and Infosys.

Unfortunately, we know there are likely more disruptions to come, with blueprinting and process design changes on management's agenda.

If you haven't already, please add your name to our public calls for job security at Bendigo Bank. Among other things, we're demanding no forced redundancies, early and transparent communication, genuine and informed consultation, extended redeployment and more.

Today's profits announcement proves Bendigo Bank can well afford to treat its employees with the respect we deserve.

The FSU is continuing to advocate for better processes at Bendigo Bank that give employees more choice and protections. If you're not yet a member of our union, join today to ensure you receive the support and protection you need during this difficult time.

Bendigo Bank has announced another wave of cuts related to its so-called 'strategic…

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