IFM ignores own advice,
pushes wage-cut proposal to ballot

IFM is set to put their proposed new enterprise agreement which includes a cut to real wages to a staff ballot starting October 19.

IFM’s Chief Economist, Alex Joiner was featured in the mainstream media saying;

“The revised forecasts showed real wages falling to where they were in 2009, describing the situation as an “extraordinary setback” for the nation’s households.
He said it was hard to see how households, which make up 60 per cent of economic activity, would continue to spend given the decline in their real incomes.”

We are disappointed that IFM has rejected our claim for wages to keep up with inflation. IFM has also been strongly opposed to removing the cap on domestic and family violence leave, the introduction of stand-alone provisions for cultural and religious observance leave, menstruation and menopause leave – just some of the conditions that are now being included in a number of industry super fund enterprise agreements.

A staff ballot will be conducted electronically from October 19 to October 21. As your bargaining reps, we strongly recommend that IFM’s proposal be voted down.


Your FSU Bargaining Team

Authorised by Julia Angrisano, National Secretary