Latest news

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

Related content

BECOME AN FSU MEMBER TODAY.

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.
Proudly supported by:
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.
Authorised by Julia Angrisano, Finance Sector Union of Australia, Level 13, 380 La Trobe Street, Melbourne, VIC 3000.
Copyright © 2026 Finance Sector Union (FSU). All rights reserved.