BANK EMPLOYEES – AUSTRALIA

Westpac cuts 200 teller jobs for digital

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Original article by David Ross
The Australian – Page: 15 : 24-Sep-25

Westpac is set to retrench 200 of its bank tellers as part of its latest restructuring program. The Finance Sector Union’s national secretary Julia Angrisano says it is "callous and short sighted" for Westpac to get staff to migrate customers to its digital services and then sack them. She adds that the FSU will hold Westpac to account "every step of the way", arguing that workers whose roles are cut must be re-skilled and redeployed, rather than discarded. Angrisano adds that Westpac only agreed to establish a $5m development fund for displaced staff due to pressure from the FSU, and that there has been no clarity as to how this fund will work and whether it will genuinely protect jobs.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, FINANCE SECTOR UNION

Banks eye mandatory jabs for staff

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Original article by Joyce Moullakis
The Australian – Page: 15 & 19 : 24-Aug-21

An Australian Banking Association working group is believed to have discussed the issue of mandatory COVID-19 vaccination for branch-based bank employees. Some banks have adopted a policy of voluntary vaccination for frontline staff, while the major banks are also seeking legal advice about the issue of vaccinations and their requirement to provide a safe working environment. National Australia Bank recently began offering the AstraZeneca vaccine to its employees, with an initial focus on staff in local government areas that are at the centre of Sydney’s current outbreak.

CORPORATES
AUSTRALIAN BANKING ASSOCIATION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Paid leave for ANZ’s fire volunteers

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Original article by Gerard Cockburn
The Australian – Page: 14 : 24-Dec-19

The ANZ Bank has advised that its employees who are volunteer firefighters will be entitled to special paid leave in addition to their standard leave entitlements. ANZ provides its employees with up to five days of paid community service leave each year, and staff who use all of this leave during the current bushfire crisis will be able to access the bank’s special leave policy.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN LABOR PARTY

Big banks to slash 20,000 jobs

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Original article by James Frost
The Australian Financial Review – Page: 1 & 4 : 3-Jan-18

Australia’s big four banks reduced their full-time employee numbers by just under 1,500 in 2017. However, banking analysts suggest that Westpac, the National Australia Bank, the ANZ Bank, and the Commonwealth Bank will be a lot more active in 2018 in terms of job shedding, with an overall reduction of 20,000 full-time employees seen as likely. Victor German from Macquarie says he had thought the big four might have been a bit more active in 2017 in terms of job cuts, while he urged them not to rely on natural attrition to get employee numbers down.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MACQUARIE GROUP LIMITED – ASX MQG, CLSA AUSTRALIA PTY LTD, KPMG AUSTRALIA PTY LTD, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, COMMINSURE

Bank boss stole $500,000

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Original article by Tim Clarke
The West Australian – Page: 24 : 30-Jan-15

A former bank manager at Westpac in Western Australia has pleaded guilty to defrauding a customer. He stole $A500,000 through a number of fraudulent transactions between the end of 2013 and 31 March 2014. The man used the stolen money for sports betting

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, MAGISTRATES COURT OF WESTERN AUSTRALIA, DISTRICT COURT OF WESTERN AUSTRALIA, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA)