||Issue No. 356||21 December 2006|
Interview: The Terminator
Industrial: Vive La Resistance
Unions: Breaking News
History: Seven Deadly Sins
Economics: Back to the Future
Politics: Organising and Organisations
International: Web Retrospective
Review: Shock Therapy
All the Best
Check Mate - Track Your Personal Info
The Finance Sector Union's site www.bankcheck.net.au lists every bank and every job that has been sent off-shore, as well as explaining what personal information would be sent with the jobs.
The site was launched as the Finance Sector Union posed tough questions to the AGMs of major banks including Westpac, NAB, St George and ANZ on their plans to cut local jobs.
With half of their shares owned by retail, rather than big institutional funds., St George is vulnerable to shareholder back-lash and were desperate to hose down the issue, despite having announced more than 100 jobs will be contracted out to IBM.
CEO Gail Kelly told the AGM that local workers would not lose their jobs, blaming a local skills shortage on its decision to move work to India; rather than the fact that workers earn under 25 per cent of the Australian minimum wage.
That didn't impress shareholders. "I don't want blood on my dividend cheques, through Australian jobs going overseas," one said.
FSU national secretary Paul Schroder says the BankCheck site will provide the public with the facts on off-shoring - which jobs are being sent offshore and what information is going with them.
"Thousands of Australian finance sector jobs are under threat of being off-shored to India where workers are paid as little as $100 per week," Schroder says.
"We also know from research we conducted that the public hates the idea - 82 per cent say they would consider changing banks if their bank sacked Australian workers and sent their information offshore.
The FSU is also calling for legislation requiring banks to inform customers when their personal information is sent offshore.
"The Government needs to force banks and other financial service providers, to disclose these details because customers have a right to know so they can make informed consumer decisions. In the meantime, we'll provide that right through this website. "
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