Latest news

MUFG thinks a 0.2% increase is enough. Time to vote NO (again!)

In a disappointing move, MUFG Market Services is pushing their latest Enterprise Agreement offer to another ballot on 4 August. While there have been some improvements to parental leave entitlements, the ‘new’ pay rise offer has barely shifted from the original offer – a measly 0.2% increase.

You can see our detailed analysis showing how MUFG’s latest offer compares to their first.

It’s disgraceful that MUFG has refused to shift on most of our key issues since the last time we voted ‘no’. They clearly didn’t hear us the first time so let’s shout it from the rooftops a second time by voting ‘no’ again. Management must listen to us and take our feedback seriously.

The ballot opens on Monday 4 August, and we urge everyone to vote ‘no’ again. Keep an eye on your emails for voting instructions.

Remember, the outcome is determined by the majority of those who vote – so please send this update to your colleagues to ensure they vote ‘no’ next week.

Related content

BECOME AN FSU MEMBER TODAY.

When you join the FSU, you get access to expert workplace support whenever you need it. From pay and conditions to restructures and workplace disputes, we help you understand your rights. You'll receive representation where it’s needed and access to exclusive member benefits that add value beyond the workplace. If something isn’t right, or you simply want clarity about your options, you don’t have to navigate it alone.
Proudly supported by:
The Finance Sector Union respectfully acknowledges the Traditional Owners of the land on which we live and work, and pay respect to First Nations Peoples and their Elders, past and present.
Authorised by Julia Angrisano, Finance Sector Union of Australia, Level 13, 380 La Trobe Street, Melbourne, VIC 3000.
Copyright © 2026 Finance Sector Union (FSU). All rights reserved.