8 November 2023

Westpac announces massive $7.2 billion profit while underpaying staff

Westpac has announced a massive $7.2 billion profit in the very same week they informed staff they had been underpaid.

These underpayments are a result of unpaid superannuation and the bank’s failure in not recognising public holidays when staff have taken annual leave. These issues have spanned years and appear to be just the tip of the iceberg.

We’ve also seen massive cuts to jobs and work functions at Westpac in the past few years, with over 43,000 work hours lost. Those who remain have been left to pick up the pieces – sadly, additional hours worked often go unrecorded and has led to a loss of wages as well as increased workplace stress.

Are you working additional hours that have not been reported? Provide your details confidentially.

Tell us if you are working additional hours

Members say enough is enough

It’s outrageous that Westpac continues to rake in enormous profits at the expense of its staff.

Westpac workers have had enough of working extra hours to meet unreasonable work demands brought on by these relentless and ruthless job cuts.

The FSU has received widespread reports of additional hours worked that have gone unreported and unpaid, and we’ll be prosecuting this issue directly with Westpac.

It is critical we understand the extent of this crisis so we can best advocate on your behalf, so please provide your details confidentially if you are working additional unreported hours.

In unity,

Your FSU Team

Authorised by Julia Angrisano, National Secretary