By now, many of you have heard the devastating news: IAG has announced massive job cuts across Retail Insurance, with 214 roles on the line.
After reporting an enormous $1.42 billion profit in 2023/24, this decision shows a complete disregard for the hard work and dedication we’ve all put in. At the same time, CEO Nick Hawkins gives himself a 78% pay increase bringing his total salary to a whopping $5.23 million – all while slashing hundreds of our jobs.
So instead of being rewarded, we’re now facing job losses and impossible workloads for those of us left behind.
The impacted roles include (approximate numbers):
IAG has also announced an additional three positions will be cut from Intermediated Insurance Australia (IIA).
This heartless announcement, made during a cost-of-living crisis, is a slap in the face to all of us who have sacrificed so much for the company over the years.
Join our urgent meeting on Thursday 26 September, 7pm (AEST) to discuss the impact these changes will have on you.
Insultingly, IAG has only proposed a one-week consultation period – simply not enough time to address such significant changes that affect so many.
We understand how shocking and disheartening this news is.
If you need urgent advice or support, please reach out to the FSU Member Rights Centre on 1300 366 378. If you’re not a member yet, now is the time to join us and get the support you need.
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