Staff in Australia have voted strongly in favour of a new two-year collective employment agreement.
The new agreement covers more than 23,000 of our Australian-based staff. Over 9,000 staff participated in the voting process, with 87% supporting the new agreement.
Under the agreement, we will pay salary increases of 4% in both 2010 and 2011 for eligible employees. Other key aspects include:
- Formalising our existing parental leave offering with a guarantee of 12 weeks paid parental leave, in addition to passing on the Government’s paid parental leave scheme.
- Providing ANZ with more flexibility with rosters to meet customer needs.
- A new dispute resolution process to help quickly resolve employee grievances.
- Strengthening our existing commitment to consult with staff and the Finance Sector Union (FSU) on major changes.
Australia CEO, Phil Chronican, said the agreement was a terrific outcome, “Our employees have voted strongly in favour of an agreement that provides additional flexibility for our people, while better meeting the needs of our business.”
“I am particularly pleased we have an updated set of minimum standards that all parties agree are fair and reasonable,” Phil said.
The agreement commenced on 21 December 2010 following approval from Fair Work Australia, with salary increases for eligible employees back-dated to September 2010.
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© Australia and New Zealand Banking Group Limited (ANZ) 2013 ABN 11 005 357 522. ANZ's colour blue is a trade mark of ANZ.
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