Westpac Cost Cutting Agenda – Increased profits ahead of job security

FSU members have been advised of proposed changes at Westpac Superannuation and Platforms, Investments & Operations, SBD that will mean a loss of 54 equivalent full time roles across four work locations – Barangaroo (Syd), 150 Collins (Melb), Bedford Park and King William St (Adelaide) and 123 Georges Terrace (Perth).

The bank have justified the job cuts by saying…

“We are proposing a number of changes across the BT Super value chain that aim to make the business more efficient and reduce the cost base in a changing environment.”

What other changes does Westpac have planned if reducing the cost base is more important than providing secure jobs to their loyal staff?

Email us if you have any information or concerns about the future of BT Super.

This latest round of job cuts comes on top of Westpac cutting 153 temps and 23 max term jobs all in the name of cost cutting and a simplification agenda. It all raises the question, what about the staff left behind, what will they be asked to do? More work with less staff in an ever decreasing workforce?

If you’ve received a notification about this and have questions or concerns, reply to this email or call the FSU on 1300 366 378.

It is vital that all affected members examine the changes and communicate any concerns we may have. Our union can offer advice and support for all members who are affected.

If you have any questions about your particular circumstances, or wish to clarify how this relates to your particular role, please call the FSU Member Rights Centre on 1300 366 378.

Authorised by Julia Angrisano, National Secretary