Bank staff may seek 20 p.c.

Press, 24 October 1980, Page 4

Bank staff may seek 20 p.c.

PA Wellington Bank Officers’ Union assessors say the industry owes members a 20 per cent pay increase.

An article in the latest union magazine “Chequemate,” asks whether members should take the going rate of 13.5 to 14 per cent or take up negotiations on factors relating to the industry and seek a higher amount. The second option was the view held by all district committees that made submissions to the assessors.

Members are being asked to make known their views of award negotiations. The union expects to lodge its

award claims before Christ*: mas and is due to go into) conciliation talks in; February. Banks have been making j. record profits during the last t few years, the article says. J Each staff member, it says,, is individually making amuch greater contribution to? their bank’s profit — total ■ transactions handled have risen about 100 per cent during the last decade. Bank staff, it says, are being required to deal with many more types of business as the banks have expanded and increased the nutnber of services provided for the public.