Hundreds of FSU members turned up to meetings across the country last week to discuss Westpac’s latest pay offer for our new Enterprise Agreement (EA).
Westpac management has proposed pay increases of 4%, 3.5% and 3% for tier one staff over three years, and just 3%, 2.5% and 2.5% for tier two staff. No guaranteed pay increase has been offered to staff above tier two.
This equates to an average of just 3.5% a year for tier one staff and a measly 2.6% for tier two.
It’s not good enough and Westpac needs to do better. We’re calling on Westpac CEO Peter King and the Westpac Board to step up on pay – sign our open letter below.
This pay offer falls way behind pay increases won by staff at other major banks over the past two years.
It also provides no relief from the enormous cost of living pressures we continue to face.
Don’t forget, we’re the reason that Westpac posted a $3.8 billion profit over the last half year. It’s now time for our CEO, Board and Executive to show us the same respect that the other major banks have shown their staff.
Westpac management have asked for our feedback on this pay offer so they can consider if it goes far enough. This is our opportunity to tell them loud and clear that it does not.
Our next meeting with management is scheduled for 11 July – so we need as many of us as possible in Westpac to sign our open letter before then.
Together we can all make a difference. Westpac workers deserve fair pay!
If you’re not already a member, join today. Or stay informed through our FSU Westpac workers WhatsApp chat.
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