(14 December 2012 – Australia) ANZ has endorsed a two-year enterprise agreement with the Finance Sector Union (FSU) for its Australian based employees covered under the current ANZ Collective Employment Agreement.As part of the agreement ANZ employees will receive an average 3.5 percent salary increase in 2012 and 2013, this includes a superannuation contribution increase of 0.5 percent for both years.
High performing employees will be eligible for salary increases of up to 6.5 percent in 2012, and 5.75 percent in 2013.
ANZ chief executive Philip Chronican said the agreement is fair, relevant to the times and meets the needs of employees and customers particularly through the maintenance of flexible working hours in the bank’s branches.
“It retains the key employment terms and conditions our employees value, while providing additional rewards, benefits and flexibility.”
The agreement covers approximately 21,000 employees and replaces the existing ANZ Collective Employment Agreement that was negotiated with the FSU and approved by employees and Fair Work Australia in 2010.
Eligible employees will vote on whether to accept the deal between the 17th and 20th of December 2012, and if approved, salary increases will be backdated to 5 October 2012.