Finance Sector Union of Australia on LinkedIn: 🎉 Congratulations to FSU member and CBUS representative Caroline Troup… (2024)

It's time Stephen Jones implements the recommendations from the Senate Inquiry into regional bank closures. These recommendations reflect what we have long been calling for: 🏦 Declare banking an essential service📜 Develop a mandatory industry code✅ Have a regulator approve or defer closure requestsFor many regional communities and finance workers, this report came too late, with hundreds of branches closed and jobs lost. Implementing these recommendations now is the only way to hold these extremely profitable banks accountable and protect vital banking services in our regional communities.

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This week, we met with Minister Stephen Jones in Sydney to hand over our petition and urge him to implement the Senate Inquiry into regional bank closures report recommendations. He'll review them over the next few months, and we'll meet again for updates.Meanwhile, let's keep the pressure on Minister Jones, local MPs, and Senators to fully implement these recommendations. Contact your local representatives on social media and ask that they action before it's too late!

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We stand up for fair pay, secure employment, healthy working environments, and the evolution of a responsible and sustainable finance industry. Join the FSU today: https://fsu.org.au/join

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The FSU has been at the forefront of advocating for workplace policies that support menopause and menstrual leave. We've produced a policy framework based on extensive research and drawing from Australian and international experiences of finance workers.The impact on individual workers forced to drop out due to unaccommodating workplaces is huge! Statistics show that women are leaving work 7.4 years earlier than men and data from the Australian Bureau of Statistics has shown early retirements equate to a loss of salary and super of more than $577,512 for women.Severe menopause symptoms can make work impossible, and current leave allowances are often insufficient. Menopause and menstruation leave is critical in creating equality in the workforce.

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We've all played a crucial role in achieving IAG's impressive 37% profit increase last year. How can it be fair that CEO Nick Hawkins has awarded himself an 18% pay increase while suggesting that we deserve below industry pay? This is simply unacceptable!

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The FSU spoke at the public hearing of the Senate Inquiry into menopause and perimenopause in Sydney yesterday. We emphasised the importance of "menopause and menstrual leave" instead of "reproductive leave" to better address the specific needs of workers. We also highlighted the impact on finance workers and advocated for every workplace in Australia to have a menopause policy. Increased conversation on this topic is crucial, and we appreciate the committee's engagement. Pictured left to right: CEO of Verve Super Christina Hobbs, FSU National Secretary Julia Angrisano, FSU Delegate Rina Abbott-Jard and FSU National Policy Officer Angela Budai.

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FSU National Secretary Julia Angrisano is speaking at the public hearing of the Senate Inquiry into menopause and perimenopause in Sydney today. Your responses have been crucial in shaping our menopause and menstrual support framework, set to release soon.

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IAG CEO Nick Hawkins has given himself an 18% raise... where’s ours?It’s time for him to guarantee fair pay increases for all workers.

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This Pride Month, we honour and appreciate our LGBTQIA+ comrades in the finance community and beyond. Everyone deserves respect and equality in the workplace and in our community. We thank our LGBTQIA+ members and allies for their contributions to making the Finance Sector a place where all can work as our authentic selves! #PrideMonth2024

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Considering IAG was found to have committed wage theft for ripping off workers to the tune of a whopping $21 million, it’s no surprise that we can’t trust them to do the right thing by staff. If IAG wants to rebuild trust with workers, CEO Nick Hawkins needs to give us a fair pay rise that meets the cost of living, not just focus on profits.

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