One major bank is set to face the Fair Work Commission over allegations of job cuts.
CBA said that reports that have been circulating about large-scale job cuts were inaccurate, and that it is in proceedings with the Fair Work Commission.
“We acknowledge the Fair Work Commission proceedings. The speculation around large-scale reductions to our workforce is misleading and unnecessarily alarming,” CBA said in a statement to sister title Investor Daily.
“We will continue to consult with the FSU regarding any major changes that have implications for our employees and will be open and transparent as soon as any decisions have been made.”
However, the Finance Sector Union of Australia continues to air its concerns about significant job cuts.
FSU national secretary Julia Angrisano said that there were no denials of the reports that jobs would be cut from CBA.
Also, FSU sent a message to its staff asking them to sign a petition which called on CBA to urgently meet with the union.