The Finance Sector Union has put the big banks on notice that it will look to sector-wide agreements if they don’t meet demands for higher pay and better redundancy protections for members, as two of the big four shun enterprise bargaining.
As National Australia Bank started talks to negotiate an enterprise agreement on Monday, FSU national secretary Julia Angrisano said the union was exploring how such an approach might work in practice with the banks and insurers.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
