Solidarity with the FSU and ANZ staff fighting against unreasonable management action by multi-millionaire bank executives

Today Abigail spoke in solidarity with the FSU and ANZ staff who are fighting job cuts and unreasonable management action by ANZ's multi-millionaire bank executives.

Abigail said:

I give notice that on the next sitting day I will move:

(1) That this House notes that:

ANZ bank has, in chaotic fashion, announced sweeping mass redundancies across its workforce, aiming to slash the jobs of 3,500 employees and 1,000 contractors by September 2026, with most of the 3,500 employee positions projected to go by the end of March,
As of 31 October, more than 30 percent of the targeted 3,500 employees have already left the bank, with a further 1,000 contractors also having had their employment ended,
ANZ bank has received a $240 million fine from the Australian Securities and Investments Commission (ASIC) for widespread misconduct, relating to incorrectly reporting bond trading data, ignoring hundreds of customer hardship notices and failing to refund fees to thousands of dead customers, and
Despite the penalties imposed by ASIC, and the redundancy payments associated with the banks sweeping job cuts, ANZ has recently reported a full-year profit of $5.7 billion.

(2) That this House further notes that:

The Finance Sector Union (FSU) has commenced a dispute in the Fair Work Commission against ANZ bank over significant work health and safety concerns stemming from ANZ’s mass redundancy plans,
The FSU conducted an interim survey of ANZ employees, which found that the uncertainty surrounding ANZ’s disastrous job cutting program is so severe that it is making workers sick, with workers experiencing psychosomatic symptoms such as stomach pain, headaches and muscle tensions with employees reporting anxiety that is spreading negatively into their family lives,
81% of surveyed workers say communication from executives had not been transparent or timely and 49% say they do not feel safe to raise concerns, fearing negative consequences,
One worker is quoted as saying “Everything is chaos – roles are changing weekly, workloads are huge, and no one knows who will still have a job next month”, and
A second workers is quoted as saying “No worker should have to choose between their mental health and their job and yet that’s exactly what ANZ’s staff are facing.”

(3) That this House expresses its solidarity with the FSU and ANZ workers across the country facing this unreasonable management action by multi-millionaire bank executives, and calls on ANZ to cease perpetuating widespread harm to its employees in pursuit of unjustifiable job cuts in the context of multi-billion dollar profits.

20 November 2025

A UNIVERSAL WELLBEING PAYMENT FOR NSW

No matter who you are or what you do, everyone has the right to share in the wellbeing of our country.

But at the moment the essentials so many of us need – a place to call home, food on the table, and everyday essentials like electricity, internet, medicine and water – are simply out of reach.

Instead of supporting us, our government is choosing to prop up huge corporations with massive subsidies, and to give away our collective wealth through record tax cuts for the wealthy. Meanwhile, the rest of us are left to live paycheck to paycheck or trapped in the dehumanising bureaucracy of our existing welfare system.

Now, in the midst of a pandemic, and following quickly on the heels of the bushfire crisis, more of us than ever before are experiencing what it’s like to lose our jobs, be without a home, or worry about where the food for our next meal will come from.

It’s time for us to choose to prioritise the wellbeing of everyone.

And that’s exactly what the Universal Wellbeing Payment will do.

It’s a regular payment made to each of us to ensure our minimum standard of wellbeing. No means testing, no bureaucracy, no strings attached.

It’s the amount you’re owed simply for being a participant in our society.

It means you are free to live your life and contribute to society as you see fit, whether you’re a carer, an artist, a student, a parent, an entrepreneur – you can get on with what you need to do, knowing that you will always be supported regardless of your income.

It means that we’re choosing to structure our economy for the benefit of all of us, not using our collective wealth to prop up the interests of big business and the wealthy few.

It means you will always have what you need to live a good life, no matter what.

The Universal Wellbeing Payment is for everyone. Help us make it happen.

For more information, head to universalwellbeingpayment.com.au

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Solidarity with the FSU and ANZ staff fighting against unreasonable management action by multi-millionaire bank executives

A UNIVERSAL WELLBEING PAYMENT FOR NSW

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