In an extraordinary about-face, CBA has publicly defended its offshoring program, despite spending months downplaying or backflipping on job cuts due to AI.
Workers have been told one thing – that there’s “no offshoring strategy” – and now we’re hearing a different story in front of shareholders at the bank’s recent Annual General Meeting (AGM).
We were at the AGM when CBA claimed that the bank’s Australian employment numbers had increased in the past year. Here are the facts:
Fortunately, AGMs are also an opportunity for shareholders, the board and management to hear from workers – whether they want to or not.
FSU member and CBA employee Kathryn Sullivan – whose job was set to be replaced by an AI chatbot – also attended the AGM.She bravely called out CEO Matt Comyn and the CBA board for the lack of guardrails or support for workers around job security.
Want to see how Mr Comyn and the CBA board responded to our questions around AI and offshoring?Watch CBA’s responses here and see whether you think they stack up.
Through our participation at the AGM, we made the following loud and clear:
CBA’s defence of offshoring is impossible to square with its record $10 billion profit. When you’re one of the most profitable banks in the world, there’s no need to send jobs overseas.
You can’t claim to value your people while replacing them with cheaper labour overseas.
Recently, FSU members hadsuccess with pushing back on CBA’s reckless offshoring and job-cutting agenda through our various cases in the Fair Work Commission. We’ll continue to stand up for CBA employees and ensure our voices are heard and due process is followed.
If you’re not already a member,join today for the support and protection you need.
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