I will VOTE NO

Compare Westpac management’s EA pay position to FSU members’ position

What will be the difference after two years?

Veronica works as a senior Customer Care Operator and currently earns $70,000 a year.

Currently
1 Jan 2023
1 Jan 2024
Difference
FSU members’ proposal
$70,000 $74,200 $78,652  

-$3,304

WBC Management’s proposal
$70,000 $72,800 $75,348

Compared with FSU members’ cost-of-living pay proposal, Westpac management’s EA proposal would leave Veronica worse off by $3,304.

 

Niko works as a Branch Manager and currently earns $95,000 a year.

Currently
1 Jan 2023
1 Jan 2024
Difference
FSU members’ proposal
$95,000 $100,700 $106,742  

-$5,468

WBC Management’s proposal
$95,000 $98,325 $101,274

Compared with FSU members’ cost-of-living pay proposal, Westpac management’s EA proposal would leave Niko worse off by $5,468.

 

Priya works as an I.T. Specialist and currently earns $120,000 a year.

Currently
1 Jan 2023
1 Jan 2024
Difference
FSU members’ proposal
$120,000 $127,200 $134,832  

-$14,832

WBC Management’s proposal
$120,000 $120,000 $120,000

While Priya may receive a discretionary base salary increase over this period, it is not guaranteed under management’s EA proposal.
When comparing both proposals for guaranteed pay increases in the EA, Priya would be worse off by $14,832.

What about management’s $1000 cash payment? Here’s a few facts.

  1. Management’s cash payment doesn’t contribute to Veronica’s, Niko’s or Priya’s base salary as outlined above.
  2. Management’s cash payment does not contribute to compounding increases in the years to come.
  3. Management’s cash payment does not make any contributions to each of their superannuation funds.

Westpac can do better! Will you vote NO if management put their pay proposal to an all-staff ballot? Support the campaign here:

 

What will your pay be in the new proposals?

Complete the form below to see the impact of management’s cheap pay offer.

PAY

Compare Westpac management’s EA pay position to FSU members’ position. What will be the difference after two years? Real impact on your pay

 

These figures define the real gap between the pay proposals in FSU members’ position, and management’s latest proposal.

FSU members
Westpac Management
Cost of living increase of 6% in every year of the agreement

Year 1

  • 4% Tier 1
  • 3.5% Tier 2
  • 0% above Tier 2
  • One-off cash payment of $1,000

Year 2

  • 3.5% Tier 1
  • 3% Tier 2
  • 0% above Tier 2

We are Stronger Together


At our previous Enterprise Bargaining, we won better pay conditions for each other that we've enjoyed to this day. We couldn't have done it alone, and we can only imagine what we can achieve if we were all in represented in our union.

The first step to improving working conditions into our future and ensuring Westpac Group is a great place to work, is always to join our union. We are stronger together.

Become a member today