CBA announces measly $9.6 billion profit

CBAs announcement of a measly $9.6billion profit only up 12%, explains why they are trying to undercut staff entitlements across the workforce.

After the impact that Coronavirus has had on many businesses including ones that have had to shut their doors, CBA’s profit increase is a huge disappointment.

It’s expected that CBA CEO Matt Comyn will soon have to apply for JobKeeper. Similarly, top-level executives will need to look at options like payment plans for their gas and electricity to keep ahead of the monthly bills.

The Finance Sector Union (FSU) has rudely attempted to inform its members of all the ways CBA has clawed-back pay and rights through so-called ‘dodgy contracts’.

Centre