As you’ve already heard, BOQ has disrespectfully sprung 400 job cuts on workers affecting all areas of the bank.
Roles affected include (approximate numbers):
These job losses are on top of the 250 roles already cut by BOQ in the past 12 months, bringing the total number of jobs cut to 650.
To add salt to the wound, BOQ additionally announced it would convert all 114 of its owner-managed branch networks to corporate branches to “simplify its retail distribution channels”, with the conversion expected to be completed by March 2025.
This undoubtedly makes it easier for BOQ to close branches at the drop of a hat and puts all our bank branches at great risk.
It’s vital we now hear from you about these changes so we can provide your feedback to BOQ.
We strongly encourage you to join our online meeting on Thursday 29 August, 6pm to discuss the impact these changes will have on you.
Insultingly, BOQ has only proposed a two-week consultation period – this is not sufficient for such significant changes which will have a drastic impact on workers.
We will also be demanding that BOQ commit not to close any bank branches.
We know these changes have come as a shock to many and the sudden manner in which BOQ delivered them was unsympathetic and unacceptable.
We’re here to support you so if you need urgent advice, please contact the FSU Member Rights Centre on 1300 366 378. If you’re not already a member, you can join today.
We’ll continue to engage with BOQ to get more information on behalf of members.
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