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Our union has written to CBA to express our deep disappointment and rejection of the bank’s current pay offer, as part of ongoing negotiations for our new Enterprise Agreement. FSU members can read our letter here.

Our petition, which calls on CEO Matt Comyn to put forward a fair pay offer, is gaining momentum. Importantly, it’s helping us demonstrate that CBA employees are serious about securing a better deal that we can all support. If you haven’t already, please sign our petition and share it with your colleagues.

Here’s what you need to know about CBA’s pay offer and why FSU members have rejected it:

• It falls well below our pay rise claim of 5% per year (or CPI, whichever is greater).
• It means 71% of CBA employees would receive a wage increase this year that falls well short of CPI.
• It means 47% of CBA employees would receive either no pay increase over three years, or at most a 2.5% increase over three years.
• CBA has failed to address our other claims around job security, improved workplace flexibility, and safe staffing and workloads.

Remember, CBA just posted a record $11 billion profit. They can afford to do better and offer a fair pay rise that respects our work.

Add your name to our petition and help us secure the Enterprise Agreement we all deserve!