Westpac offer to go to ratification vote

Bargaining with Westpac concluded late Wednesday night, with an offer that will now go to a ratification vote of all members. The union bargaining team is recommending this settlement to members.

The key difference with the offer is that term and pay offer has moved from 3.2% for 15 months, to 3.2% for 12 months (effective from 1 December if the vote is to accept). The annualised increase has gone from 2.56% to 3.2% and the term would now be one year.