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What do you think about MUFG’s next EA offer?

In April this year, we rejected MUFG Market Services’ substandard Enterprise Agreement (EA) offer.

Voting ‘no’ should have sent a clear message to MUFG that the proposal they put forward wasn’t good enough. Since then, however, there has been limited engagement from management, with little progress on our key outstanding issues.

MUFG’s latest offer shows minimal improvement

  • Pay – MUFG’s new offer for the pool increase is only 0.2% more than their last, and just 0.7% more for the minimum pay increase.
  • Redundancy – offer is unchanged and capped at 28 weeks for 10+ years of service, which is well below industry standard.
  • Flexibility – still no clause to protect hybrid working arrangements.

View our full analysis to see how MUFG’s latest offer compares to their first.

 

What happens now?

MUFG is claiming this is their ‘final’ offer, but that’s not how this works. Our FSU bargaining team will be guided by you and your colleagues on next steps.

Tell us what you think of MUFG’s latest offer

We will hold off providing any feedback to MUFG until you have told us how you want to proceed,so please take a few minutes to provide your feedback by COB Monday 7 July.

If you’re not yet a member of the team fighting for a fair deal at MUFG Market Services,join today.

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Authorised by Julia Angrisano, Finance Sector Union of Australia, Level 13, 380 La Trobe Street, Melbourne, VIC 3000.
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