NABs profits are your hard work

Yesterday’s announcement of a full year profit of $6.36bn by NAB CEO Ross McEwan is because of the hard work, resilience, and dedication of every FSU member across the organisation.

FSU members have consistently dealt with increasing uncertainty from rolling restructures and branch closures, the challenges of COVID and working remotely and pressure of performance objectives and workloads making this the most challenging year in memory.

With the commencement of Enterprise Agreement negotiations in February 2022, members will rightly expect NAB to approach these discussions as an opportunity to solve the challenges of the last 12 months and reward your commitment.

The Union will be launching our claim development survey in the next few weeks, keep an eye out.

Unpaid work provides the basis for profits

This significant announcement has been achieved in no small part due to the thousands of unpaid hours of work completed by Group 3 and above employees. Over 70% of surveyed employees reported having completed excessive unpaid hours and the pressures it placed them and their families in the last 12months.

Profit maximization at the expense of employee’s health and home lives is unacceptable and the Union will be reconvening with its legal team by the end of November to progress our claim against these practices in the Federal Court. The Union will be holding briefing sessions with members in the week of 6th December to report progress and next steps.

Authorised by Julia Angrisano, National Secretary