News of the finance and information workers union
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July 2005
Protracted negotiations highlight need for membership growth
Collective Agreement News
AMI
AMI members have ratified both their assessors collective and their general collective agreement covering all other members. Members are now working towards a strategy-planning day later in the year. Previous expectations that the union membership can deliver good results at the negotiation table are being tempered by a recognition that a higher level of membership will probably be needed in the future for significant gains to be made. The agreement includes improved annual leave and a 3.5% increment on base salaries for the first year and 3.75% increment on base salaries for the second year.
Asteron
Asteron members have not settled their collective agreement yet. The company, under financial pressure from the Promina Group to which it is a member, has offered members a 2.25% pay increase. Members want a pay increase that keeps pace with inflation, 2.8%. Other unresolved issues include new systems that allow New Zealand work to be processed in Australia, plans for restructuring and use of temporary employees.
AXA
Members at AXA have just agreed to a 3% increase in return for a two-year term. The agreement includes the opportunity to meet again next year, however, in the middle of that two-year term and negotiate a further increase. The biggest issue that AXA members face is the outsourcing of their work to Bangalore.
PSIS
PSIS members have concluded a successful round of negotiations, which included winning a democracy participation bonus only for union members who engaged in the process of collective negotiations.
Sovereign
Sovereign members settled their latest agreement with a 3.6% pay rise. Sovereign has indicated that that 3.6% will not necessarily be passed onto other staff.
And members at Credit Union Central and Vero Insurance are both about to enter their negotiations in July.
