National Australia Bank`s overall result, which reported revenue of 2.5% to more than A$6.6 billion, was slightly overshadowed by the group`s nearly 20% cut. «This agreement creates the right balance between employees, businesses and shareholder interests,» Hanlon said. ANZ has reached an agreement with approximately 20,000 employees in Australia to extend the 2015-2016 corporate agreement for an additional year. «In addition, the new agreement includes a number of enhanced benefits and protections for employees,» Hanlon said. While «sad business» and transition leave may attract the most attention, the new deal would not benefit the entire workforce any more. The final agreement will be approved by eligible staff in June before being submitted to Fair Work Australia for approval. The new agreement will cover most of Westpac Group`s employees, including its regional brands St.George Bank, Bank of Melbourne and BankSA. Westpac announced today that it has reached an agreement in principle with the Financial Sector Union on a new company agreement covering approximately 30,000 employees in Australia. Peter Hanlon, Executive People and Transformation of Westpac Group, said the new agreement is a win-win situation for employees and Westpac. The new agreement, which has not yet been submitted to the Fair Work Commission, is supported by Westpac executives and 90% of employees who voted in the FSU vote. The current agreement expires on 31 December. Around 30,000 employees are expected to benefit from the new agreement.
And in 2016, the International Convention Centre included a provision in its EE that allows employees to ask their employer to use up to five days of paid annual leave (or five days of unpaid leave) to change gender identity or undergo sex reassing surgery. Parker said that while these types of negotiations are often complex, Westpac and AUS have brought a constructive approach to the negotiating table and reached an agreement on time. The prospects for real wage growth for thousands of workers in the financial services sector are dwindling after the Commonwealth Bank made a low-wage offer in its current corporate bargai cycle. Djambawa Marawili, elder of Yolnu, Arnhem Land, adds: «Ceremonies and periods of mourning last for days, weeks and even months, depending on the beliefs of the language group and the social status of the deceased. Christine Parker, Westpac Group`s Director of Human Resources and Corporate Affairs, said the new agreement is a big step forward in our offering to employees and will help solidify Westpac`s position as the preferred employer in Australia. Some would see it as discrimination, that is, they would selectively benefit one group over another. Dent believes that when the time comes for other major banks to renegotiate their company agreements, employees, unions and bank customers will likely expect these benefits to be offered. Then it will become a norm rather than an exception, she says.
The proposed agreement is valid for a period of three years and provides workers with more certainty about long-term conditions […].