NAB Employees Consider Pay Deal

Date: 05 June 2002

Employees at the National Australia Bank could receive a 4.5% pay increase if they accept a pace setting pay offer from the bank.

FSU National Secretary Tony Beck said there had been a massive break though in negotiations with the National and the union would put the offer to the members immediately.

If the offer is accepted, the National enterprise agreement will become the biggest in Australia, covering more employees than any other certified agreement.

He said the union and the bank had been in dispute over pay and workloads for the past 18 months.

He said employees held successful stop work meetings and submitted a petition with over 6,000 staff signatures.

Mr Beck said that pay, workloads and job security were the big issues.

The union has negotiated an offer that includes better pay, improved workloads and enhanced job security.

Highlights of the offer include:
· 4.5% increase each years for three years
· Lowest paid employees could get the biggest pay rise (employees in minimum rates can get up to 7%)
· Wage increase covers all employees
· Better workloads, staffing and training, leading to better service for customers

Mr Beck said the offer was a pace setting deal with the leading bank.

'This deal is a breakthrough for staff, the bank and customers,' he said.

For further information

Contact:	Tony Beck
Union:	Labor Council of NSW
Phone:	(03) 9261 5464
Contact Mobile:	0419 366 183
WWW:	http://www.fsunion.org.au

LaborNET is proudly created, designed and programmed
by Social Change Online for the Labor Council of NSW
[Credits] [Site Matters]