Media releases

Earlier this year, MyState workers delivered a resounding “no” to the company’s proposed enterprise agreement, with 80% of staff who voted rejecting the offer, saying it failed to deliver fair pay and conditions.  
 
The bumper results show the bank can easily afford to look after staff. 
 
The FSU has fought relentlessly to get MyState back to the bargaining table since the ballot concluded in July, including taking MyState to the Fair Work Commission. Negotiations are now expected to continue toward the end of August, with the union saying it was time for MyState to stop ignoring its workforce. 

FSU National Secretary Julia Angrisano said: 

“MyState is pocketing record profits while its local workforce is left behind. This is a betrayal of hardworking staff who are simply asking for a fair go. 

“Workers rightly rejected a 9% pay increase over three years – why wouldn’t they when MyState CEO Brett Morgan received a 10% increase to his overall package in just one year. 

“When MyState and Auswide Bank merged, they claimed their focus was on people yet they’ve done nothing in this respect.  

“Our members are loyal, skilled workers who keep this business running, and they deserve to share in the success they help create. Yet they are worried for their jobs and are pressured to do more with less.  

 “Tasmania deserves better than a bank that lines its shareholders’ pockets. When negotiations resume, MyState must do the right thing by its workers and its community. 

“Our message to MyState is clear: invest in your workforce, deliver a fair agreement, and stop trying to pad profits on the backs of your staff.” 

 Media contact: Kate Shuttleworth – 0447 418 726