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The Gossip - news from the Finance Sector

The latest news from the FIRST Union finance sector unofficial weblog!

 

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  • ANZ bargaining update

    Friday, October 17, 2014

    Last Friday’s national strike action at ANZ was a huge success.

    Congratulations of the hundreds of you who took action and made a stand for a fair pay raise and in particular for secure hours you can depend on.

    Friday’s action built on local actions that had already taken place in several branches and processing sites at ANZ.

    The union council had a conference call on Wednesday – and further action is pending.  By next week, your delegates will have details of next steps.

  • Banking watchdog sees rise in online complaints

    Friday, October 17, 2014

    Customers with a problem about their bank are increasingly using electronic means to complain according to Banking Ombudsman Deborah Battell (pictured).

    “Two-thirds of our complaints are now made via the scheme’s online complaint form and a total of 80 percent of complaints are made either via the on-line form, email or Facebook.”

  • State to close all branches except Riccarton

    Friday, October 17, 2014

    State Insurance has confirmed a proposal to close 21 of its 22 branches around the country by the end of next month.

    The company, whose unionised staff are mostly represented by the Public Service Association and some in FIRST Union, says its Riccarton branch in Christchurch will remain open in order to support customer’s with earthquake-related insurance claims.

    It says it has identified around 70 job opportunities for the 91 staff impacted by the closures.

    State is part of insurance group IAG’s direct insurance division, which includes AMI.

     

  • Treasury advised to go without breakfast

    Friday, October 17, 2014

    The principal of May Road School in Auckland, Lynda Stuart, has challenged Treasury officials to go without breakfast for one month in order to share the experience of thousands of New Zealand children.

    She says it beggars belief for Treasury to suggest that there is no link between hunger and educational success.

  • Entrepreneurial spirit from six year old

    Friday, October 17, 2014

    And finally this week, as six-year-old girl who has started her own business selling home-made dog biscuits is attracting interest from around the world, news site orange.co.uk reports.

    Anya Solomon-James wanted some pocket money to buy ice cream so she launched her own baking business and has been inundated with orders.

    The pint-sized entrepreneur is now earning £30 a week and has even set up her own Facebook page which has got hundreds of likes from as far away as Greece and Canada.

  • ANZ workers standing up for secure, reliable hours and better pay!

    Friday, October 10, 2014

    ANZ workers across the country stopped work today as part of a national strike, speaking out against bank proposals that would be highly disruptive to family life.

    Watch the news tonight – all the networks were there and tons of radio and newspaper reporters too, at our events across New Zealand.

  • Messages of support flood in…

    Friday, October 10, 2014

    ANZ workers were well supported today from union colleagues across the world.

    In less than 24 hours over 50 messages of solidarity and support had flooded in to the union office, from other New Zealand unions, international unions and union federations, and individual workers wanting to pass on their support to FIRST Union members at ANZ.

    “Good to see solidarity at ANZ, let’s hope this sends a strong message to David Hisco.  In solidarity,” said Maxine Mullen, Chair of FIRST Union’s Westpac Union Council.

  • Cooperative bank and credit unions at odds over brand

    Friday, October 10, 2014

    The Co-operative Bank is concerned the New Zealand Association of Credit Unions' plans to use the name "Co-op" will undermine - in the eyes of the public - the $8.7 million it has spent rebranding since changing its name from PSIS and obtaining bank registration in late 2011 to distance itself from the non-bank financial sector, finance news site interest.co.nz reported this week.

    The bank's case is being heard at the High Court in Auckland.

  • Dancing on the street

    Friday, October 10, 2014

    And finally this week, FIRST Union members were out marching on the streets today, but there was a different kind of movement on the streets of Wellington last week.

    Stuff.co.nz reported this week that Malifa Chapman doesn't like to be bored, so when he was given the job of controlling traffic at a Wellington roundabout he decided there was only one thing for it.

    He had to dance.

    And the drivers he's controlling while roadworks are carried out seem to be appreciating his efforts.

    "Lots of drivers put up their phones and take a video," Chapman, 19, said.

  • Reserve Bank sells over $500 million in August to push down dollar

    Friday, October 3, 2014

    The Reserve Bank sold a net NZ$521 million during August in a successful effort to help push the Kiwi lower, finance news site interest.co.nz reported this week.

    It's the Reserve Bank's biggest monthly currency intervention since it bought a net NZ$525 million in March 201, and its biggest sale of New Zealand dollars since selling NZ$1.489 billion in July 2007.

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