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MUFG Market Services: The worst offer in the sector – Commit to vote NO

MUFG Market Services are a mess. While we’re trying to negotiate a fair Enterprise Agreement (EA), they’ve disappeared for weeks at a time, refusing to engage with us or even communicate with their own staff. We’ve now written to the Fair Work Commission to relist our bargaining dispute with them.

MUFG has now put forward a proposal that is an insult to every worker. 

Here’s what’s on the table:

  • Pay: The worst in the industry. A pay offer so bad it’s offensive: 
    • 2.5% from 1 October 2025 
    • 3.5% from 1 January 2027 
    • 1.8% from 1 January 2028 
       
  • Redundancy: Capped at 28 weeks for those with 10+ years of service. This is terrible recognition for years of hard work and dedication.
     
  • Parental leave: Only included in the EA proposal because we fought for it at the Fair Work Commission. But MUFG’s version is nowhere close to the industry standard. All periods of unpaid leave won’t count towards your service when calculating long service leave or redundancy.
     
  • AI and data protection: Absolutely nothing. No safeguards, no commitments, no future-proofing.
     
  • Flexibility: MUFG refuses to put flexibility in the Agreement, even though we’ve made it clear how important it is to us.  

This is one of the worst proposals in the sector. The only way to stop it is to commit to voting NO. 

Commit to vote No

Commit to voting NO on MUFG’s disgraceful Enterprise Agreement proposal. If you’re not a member yet, now is the time to join and have your say.

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