The Finance Sector Union (FSU) will be demanding answers about the impact of Bendigo Bank’s 2030 strategy at this week’s Bendigo Bank Annual General Meeting.
The strategy has already resulted in job cuts and cuts to branches and services – including the closure of the last remaining branch or agency in many country towns in Australia.
Bendigo Bank recently announced a major restructure of its technology division which led to 145 out of 700 jobs cut, the closure of 10 regional branches and closure of all 28 of its agency locations.
The FSU is calling on the bank to use the AGM to explain how its strategy will protect jobs, maintain services and support regional communities instead of destroying them.
Finance Sector Union National Secretary Julia Angrisano said:
“If you look behind the vague language, Bendigo Bank’s strategy can only mean a shift away from ‘bricks and mortar’ branches and cuts to in-person services as it ‘evolves its Community Bank model’, ‘embraces’ artificial intelligence and transitions to more digital services.
“This is a real concern for workers and should be a concern to Bendigo customers too, who deserve to know which services will be cut, what jobs are on the line and how many more towns will lose their bank.
“This is a bank that says its purpose is to ‘feed into the prosperity of its customers and communities’ but what we’re seeing is a bank that is abandoning communities and treating staff as disposable. At today’s AGM, the board and the CEO must be honest about what their strategy really means for the future.”
Media contact: Kate Shuttleworth – 0447 418 726
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