Union members and TMBL employees gained a significant win last week, convincing TMBL to drop their controversial salary benchmarking proposal.
We achieved this result together, thanks to the many FSU members and TMBL workers who spoke up. We made it clear that management’s proposal wasn’t good enough, and so ensured a better offer. Congratulations to all who made their voices heard!
TMBL is now proposing a revised annual wage increase of 2.7%.
Our union is once again seeking urgent feedback
Are you willing to accept TMBL’s revised wage offer? Tell us today.
Feedback from union members and TMBL workers resulted in the mutual bank revising their annual wage increase offer to 2.7%. TMBL’s initial offer was 1%. The FSU is pursuing a claim of 3% for 2021, backdated to 1 July 2021; and 3% (or CPI, whichever is greater) for 2022.
TMBL have not changed their intention to diminish the current superannuation co-contribution entitlement. Under TMBL’s proposal, co-contributions will be matched up to a maximum of 13% employer contribution for any individual employee.
The parties will meet on Friday next week where we will tell TMBL if their revised offer is acceptable.
We encourage you to share this update with your colleagues.