Wednesday, May 22, 2024
Times of Georgia
HomePoliticalASB Workers To Strike As Bank Proposes An Effective Pay Cut

ASB Workers To Strike As Bank Proposes An Effective Pay Cut


Workers at a major ASB contact centre in
Auckland have voted to take strike action and withdraw their
labour following disappointing pay negotiations with the
employer and an “offer” to workers that would leave them
worse off than the previous year.

Members will rally
outside the company’s main hub in Auckland on Thursday
this week after walking off the


Outside ASB Contact Centre, 17
Ronwood Avenue, Manukau City Centre, Auckland


Picket – 12:30-1:30PM, Thursday May
2nd, 2024


Callum Francis, FIRST Union
National organiser for finance, said FIRST Union members had
rejected the company’s offer of an average 3.5% pay
increase for all workers because it was a cut in real terms,
and would leave union members worse off during a time of
real financial difficulty for many.

“Our members are
seeking a fair pay increase that would ensure they aren’t
going backwards while the cost of living and inflation rate
remain high and show no signs of slowing down under this
Government,” said Mr Francis.

“Members also sought an
extra 1 week of annual leave to align ASB with other
financial sector employers, but the bank has attempted to
invent a new kind of replacement leave to placate them – ”
You Do You” leave, they call it – that workers can only
access if they’ve used four weeks of accrued annual leave
in the prior year.”

“That’s not fair or reasonable –
it’s a project to offload accrued leave balances, and it
contradicts the reasonable expectation of self-determining
one’s own rest and relaxation needs outside of

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“ASB made a net profit of $707 million in their
last half-year reports but workers’ wages have stagnated
since the Covid-19 pandemic and there is no more appetite to
‘do more with less’ – they deserve a fair share of the
profits they help to generate, not more spin and weasel
words at the bargaining table.”

“The only reason for
ASB not to give these workers a pay rise that keeps up with
inflation is pure and simple executive greed and
profiteering at all of our expenses.”

Mr Francis said
that FIRST Union’s large, inflatable pig – a symbol of the
campaign against bankflation
– may make an appearance at the

© Scoop Media

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