Business
CBA staff reject ‘disrespectful’ pay rise offer – The Australian Financial Review
The bank has come under fire for offering a combination of pay freezes and low wage increases to staff while its senior executives enjoy big pay jumps.
CBA staff produced the largest banking profits for shareholders and have worked hard to maintain services to customers this year as COVID-19 hit, and yet the CBA is short-changing them on pay,” she said.
Under the bank’s proposal, employees earning less than $75,000 would get a 2 per cent a year increase for two years while those earning more than $75,000 would see a pay rise of just 1.5 per cent.
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