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WIN: We’ve shifted AMP on the contracts, what next?

Despite the fact that we only had one week to address a multitude of issues in AMP’s draconian new contracts, we’ve now managed to shift AMP on some of its most concerning elements.

AMP has now confirmed they will not use surveillance and monitoring on employees in their homes, and has provided express written permission for employees to consult with professional advisors (including lawyers or union representatives) to obtain advice as well as the ability to engage in unpaid positions with other organisations.

You can read AMP’s full letter here.

While AMP has not amended the contract terms, these undertakings are a huge union win and are thanks to the hard work of all of our members who stood up against these concerning contracts.

More than that, it’s an admission that AMP got it wrong – they wouldn’t embarrassingly be changing the effect of the contract terms if there wasn’t a need to adjust them. And they certainly wouldn’t have changed anything if we hadn’t forced them to.

Contracts due today – what do we do?

The contracts are due to be returned to AMP by COB today, 24 March.

If you choose to sign and return the contract by today, then that contract will apply to you.

If you choose not to sign the contract, then you will continue to stay on your existing contract but you will not receive AMP’s incentives or access their proposed employee share plan.

We’ve provided members with detailed information about why we think these contracts are terrible – you canread more about that here or view our concernsmarked up on an example contract.

We know AMP has been using underhanded tactics and financial ‘incentives’ to pressure staff into signing it and many members have told us they felt coerced into doing so.

If you have already signed the contract but feel pressured into having done so, you can download and use ourtemplate letter to ask that it be rescinded.

Ultimately, members should consider their personal circumstances and understand the implications of signing the contract or otherwise, and do what you feel is right for you.

Here’s the one thing you need to do

This situation has eroded the trust between employees and AMP management. Even though we’ve pointed out in detail all the ways this contract disadvantages staff, AMP didn’t care and refused to revise the contracts.

The FSU will be making an application to the Fair Work Commission about these terrible contracts and we are writing to AMP’s Board and CEO Alexis George to call on them to step in and put a stop to this.

Unfortunately, this is exactly what big businesses like AMP want – for staff to be on their own so they can do exactly as they please.

It is clear we need to force AMP to negotiate with us for an enterprise agreement that genuinely protects staff, and the best way to do that is by securing a majority support determination. This means a majority of us at AMP vote we want to bargain for an EA, and AMP will be legally obligated to negotiate with us.

So there’s only one thing you need to do:

Join our campaign here

This is how we fix this. It’s the best way to not only ensure we win the fair pay and working conditions that we deserve, but so we can stand together when AMP tries to pull a fast one on us, like with these contracts.

FSU members who require urgent assistance or would like to discuss their contract can contact our Member Rights Centre on 1300 366 378 or email[email protected].   

We’ll continue to keep members updated, but if you’re not already an FSU member,join today to make sure you receive proper representation and support. 

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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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