Our union has today commenced a dispute with ANZ regarding significant workplace health and safety concerns as a direct result of CEO Nuno Matos’ reckless decision to cut thousands of jobs.
The bank has failed to effectively manage the associated psychosocial risks and impacts on staff from these cuts.
This is in addition to the dispute we have in the Fair Work Commission on ANZ’s continued failure to properly consult with employees on the job cuts.
Meanwhile, ANZ today posted an obscene $5.7 billion profit.
This result demonstrates the immense value and contribution we bring to the company — yet these job cuts and the ongoing uncertainty are taking a serious toll on workers’ mental health.
Early results from our survey paint a bleak picture:
81% of respondents feel nervous, anxious or on edge.
63% of respondents report physical symptoms related to stress (including headaches, stomach upset, muscle tension).
45% of respondents report experiencing family and relationship impacts.
This is the human cost to cutting 3500 jobs without any consideration to those impacted.
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.
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.