The Commonwealth Bank has started to send letters to some employees advising them that their bonuses were miscalculated and that they need to repay hundreds of dollars each. It’s our understanding that this is limited to those who are on the EA.
Employees at CBA received an initial letter that told them how much they’d get as a bonus, and that’s what they got paid. For CBA to turn around now – weeks later – and tell them that they need to pay some of that back because the initial letter and the payments were wrong, is unfair.
The FSU will work with employees of CBA to act collectively in this matter.
Union members all over the country are telling us that they can’t afford to pay CBA back for their own stuff up. They were told they’d get a certain amount as a bonus, and they made plans accordingly. Most have already spent the money.
If a mistake was made before the letters went out, we think that CBA should wear it.
What do we need to do?
- First of all, don’t sign anything! Don’t agree to give any money back just yet!
- If you’re not a member already – join the FSU at www.fsunion.org.au/join
We will represent our members collectively in this matter and make the case that hard working CBA staff shouldn’t have to pay for CBA’s mistake. This isn’t much money to CBA, but it’s a lot to you!
- The FSU will be holding phone and in-person meetings around the country to hear from you and provide advice around what can be done. Sign up to attend your nearest meeting.
- Share this email with anyone affected – you can also print a paper version here!
Finance Sector Union
Ph: 1300 366 378