Today CUA announced that they will not negotiate a new EA in 2020 and there will be no pay increases for staff.
The CUA Board and Executive have decided that no pay increase is the best approach.
Best for who?
Staff are expected to take a cut in real wages – but we’ve not seen any commitment on behalf of the Board or the Exec to take a wage cut, or even a commitment that Executive bonuses will be cut for this year.
COVID19 has meant that CUA workers have been working under extraordinarily difficult circumstances – to ensure that CUA members continue to be able to access their financial products – expecting the workforce to take a pay cut is a slap in the face.
The message is that in Jan 2021 CUA will review this decision – without a commitment to either a pay increase or to engage in negotiations for a new agreement.
It’s not good enough.
If you want to lock in a salary increase, now is the time to let us know and work on a collective solution. Complete our quick survey to tell us what you think.
Not an FSU member?
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