CBA is continuing to slash hundreds of jobs, with another 304 roles to be cut across its Tech and Retail Banking Services divisions.
This includes Data Management roles in Retail Banking Services and Technology roles in Chief Data and Analytics, Chief Technology Office, Business Banking Tech, Corporate Tech and Retail Technology.
Two weeks ago, CBA became the first ASX-listed companyto be valued at more than $300 billion. Cutting hundreds of jobs, on top of the slew of cuts they’ve already rolled out this year, is outrageous and unjustified, and employees are rightly distressed by this announcement.
CBA has long claimed that these cuts, including those already rolled out, are part of its ‘simplification agenda’. Our union staunchly rejects the notion that you ‘scale up capability’ (as CBA claims it is doing) by axing hundreds of workers.
The FSU will meet with new Financial Services Minister Daniel Mulino for a discussion, and to call on the government to do more to stop these reckless cuts from occurring.
Your feedback may also be used anonymously to ensure Minister Mulino understands the dire situation CBA employees are facing.
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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