Westpac has identified 134 positions to be cut as part of its previously announced 200 job cuts, as the bank continues to migrate retail functions to digital.
The cuts will affect tellers and personal bankers across 99 branches located in all states (no regional branches will be affected). The bank has now commenced a 10-day consultation period.
The impact of these cuts will be felt way beyond just the Branch network. How Westpac proceeds from here will set the standard for future change across the Group.
Please register for our urgent union briefing, where we will discuss your rights and next steps. All Westpac employees are welcome to attend.
Thursday 30 October, 7pm (AEDT)
We understand this will be difficult news to hear for affected employees.
We are deeply disappointed that Westpac has chosen to announce these cuts now. Only last month, management agreed to establish a $5 million capability fund to support existing retail staff to upskill for the future.
Westpac is jumping the gun on these cuts when they should be further developing and establishing the fund to provide opportunities for affected employees.
Westpac says they have completed assessments to identify individual roles to be cut, as well as the impact these cuts will have on branches. The FSU will be calling on Westpac to provide clarity around this information and to undertake the redundancy process in a transparent and fair way, so employees have choice and dignity when it comes to our future employment.
Remember, you have rights and entitlements when things change at work, and our union will ensure your voice is heard during this process. Please contact our Member Rights Centre on 1300 366 378 if you require urgent advice or assistance – or attend our meeting tonight to hear the full details.
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