Morrison must stand up to Commbank on sackings

Morrison must stand up to Commbank on sackings

The peak body for working people has called on Prime Minister Scott Morrison to stand up to Australia’s biggest bank to protect the livings of 10,000 people that they plan to sack.

The call comes as the bank was caught up in a fresh wages scandal, being forced to pay up to $15 million to 8000 current and former staff after years of underpayment.

The Australian revealed last Friday a secret plan that Commonwealth Bank has to sack a nearly a quarter of the bank’s workforce and close 300 branches.

Commonwealth Bank announced a $9.23 billion profit last financial year, and the bank would have been the largest single beneficiary of Morrison’s planned big business tax cuts.

Finance Sector Union National Secretary Julia Angrisano has written to CEO Matt Comyn demanding details of the bank’s plan.


Quotes attributable to ACTU Secretary Sally McManus

“Working people should have elected leaders who are on their side.

“Scott Morrison’s silence on this issue shows that he’s on the side of the big banks.

“Scott Morrison says that we need a strong economy to create jobs, but this is one of the strongest companies in the country – cutting massive amounts of jobs just because it can. This needs to stop.

 “The banking royal commission showed us that the pursuit of profit has driven the banks to do things that most of us would never dream of. But this would be appalling even by their standards.

 “Scott Morrison tried to give CBA a $12.195 billion tax cut - now he needs to step up for working people and protect these jobs.