14 November 2023

ANZ posts massive $7.4 bn profit while hundreds of jobs are cut

The recent announcement of a massive $7.4 billion full year profit by ANZ CEO Shayne Elliott is undoubtedly because of the hard work, resilience, and dedication of every FSU member across the organisation.

Yet instead of valuing the contributions of staff, ANZ has cut hundreds of roles from across the bank over the last 12 months.

FSU members have consistently reported dealing with increasing uncertainty from rolling restructures and branch closures, which has resulted in increased workloads, stress, and hours of work due to understaffing. There has been a failure from Senior Management to recognise the significant concerns of staff.

At a time when ANZ is posting record profits, it can and should be investing in FSU members and creating secure jobs, not slashing roles and making your jobs harder.

The FSU will be writing to ANZ to call for much-needed discussions about how the Bank intends to work with members to resolve these issues.

We will keep members updated following our discussions with ANZ, however if you hear of any changes within your area get in touch by email to fsuinfo@fsunion.org.au or call our Member Rights Centre on 1300 366 378 so we can discuss your rights.

In unity,

Your FSU Team

Authorised by Julia Angrisano, National Secretary