P&N Bank has proposed to offer an annual wage increase of 1.5% or CPI (capped at 4.5%), whichever is greater, under a proposed new enterprise agreement currently being negotiated between the bank and your union, the FSU. The offer is lower than what other mutual bank’s have got in their enterprise agreements.
A quick comparison shows the following:
|Teachers Mutual Bank||3%||3%|
|Service One Mutual||3.5%||3.5%||3.5%|
This will be the first time that employees of bcu and P&N Bank will be covered under one enterprise agreement. The FSU has requested that the more generous conditions out of the two enterprise agreements that currently cover employees in the East Coast (bcu) and the West Coast (P&N Bank) be included in the proposed new agreement.
The FSU, on behalf of its members, has tabled a Log of Claims. The bank will respond to the claims in the next meeting scheduled for Monday 9 August 2021.
We would like to hear from – you can send your feedback/view on the pay offer to one of your FSU bargaining team members:
Mia Perring: firstname.lastname@example.org
Laura Richards: email@example.com
Diane Hawkins: firstname.lastname@example.org
Your FSU Bargaining Team