If there was any doubt that finance jobs are changing and changing rapidly, today’s announcement by CBA means that over 330 roles in CBA have been cut this financial year due primarily to technological advancements.
In the weeks after CBA finalised the first tranche of 150 jobs to go from the Brisbane GLS site the bank has advised the FSU today that a further 182 roles are likely to be made redundant in a new restructure across Enterprise Services teams.
The changes are in:
- ES: Retail and Wealth
- International Business Banking
- Group Enterprise Services
- Architecture & Analytics
- IT Delivery & Availability
- Data Protection Group
- Strategy and Performance
- Group Operations
Most of the job cuts are in Sydney (Commonwealth Bank Place, Sydney Olympic Park and Parramatta, along with other Sydney sites) with employees in Perth and Melbourne also affected.
Are you impacted? To assist in providing support and advice to impacted members please fill in the details below so an FSU official can contact you to arrange a visit: https://www.surveymonkey.com/r/LBVH8G7
Union Response
Under the CBA Enterprise Agreement there will now be a short period of consultation where the bank is required to provide relevant information and to take employee feedback into account before pressing ahead with the proposed changes.
Over the course of the next week FSU meetings and visits will occur with impacted employees to, discuss the impact of the announcements, advise staff of their rights and determine a response to the bank’s decisions. Tell us what you think about the proposed changes to cut 182 jobs by emailing: fsuninfo@fsunion.org.au
Unions Support Members
If you are not already a member, now is the time to join the FSU. You can join online securely at www.fsunion.org.au
Contact Details
Finance Sector Union
Ph: 1300 366 378
fsuinfo@fsunion.org.au
Authorised By: Julia Angrisano, National Secretary