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Issue No. 154 | 27 September 2002 |
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War On The Collective
Interview: Still Flying International: President Gas Politics: Australia: A Rogue State? Unions: Welfare Max Bad Boss: Welcome to Telstra! Health: Fat Albert: The Grim Reaper Satire: Iraq Pre-empts Pre-emptive Strike Poetry: A Man From the East And A Man From The West Review: The Sum Of All Fears
Legends The Locker Room Bosswatch Awards Week in review Activists
 The Shame (Sham) of the Democratic PartyWeapons of DestructionTears From TomGood Hearts
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News Murray’s Millions Dwarfs Workers Wages
Details of the bonus – part of a $7 million salary package for the year - have enraged workers who have seen 87- branches closed and 17,000 jobs eradicated over that period of time. The Finance Sector Union's Peter Presdee says Murray's millions are the equivalent to the salaries of 200 frontline staff, whose four per cent annual increase was dwarfed by Murray's own 27 per cent pay hike. Indeed, over his ten year's at the top, Murray's annual salary had increased 300 per cent while the average teller's salary had risen by just 40 per cent. "This is the hidden story of privatisation," Presdee says. "More burdens on workers and enormous gains to Chief Executives. "Surely, it is time for workers to be given their fair share of the cake and the community to have a banking system that is underpinned by the legal requirement of a social charter". St George Slashes While Staff Cop Flak Meanwhile, St George Bank has announce dit will cut another 390 jobs at a time when staff shortages are sparking outbreaks of 'Queue Rage'. The FSU's Geoff Derrick says the union's research shows that St George is really suffering on the frontline - with almost daily reports from staff of customer abuse because of lack of resources. "In this light, St George's announcement this week of another $28 million in upcoming redundancies proves that management have missed the point," he says. "We actually need an injection of more staff and we need it now!" The survey, of 1076 St George employees, found: - 64 per cent agreed that staff shortages were a frequent problem in their workplace - 54 per cent agreed that abuse of staff by customers had increased because of staff shortages - 51 per cent had been personally abused by a customer because of the staff shortages. The staffing situation was so bad that 65 per cent of staff had to work extra hours to get work done, while 48 per cent of staff said they were reluctant to take days off when they were sick because they would be letting their fellow workmates down. Mr Derrick says that St George management needed to put the interests of its staff and customers, alongside the demands of the market, when implementing its current 'Even Better Bank' review. "If St George wants to convince the community it is a better bank, it should start by giving its loyal workforce the resources to do their jobs without being the subject of abuse from customers," Derrick says.
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