{"id":35516,"date":"2023-07-14T05:56:08","date_gmt":"2023-07-14T09:56:08","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/australia-no-3-bank-clinches-union-deal-for-staff-to-work-from-home\/"},"modified":"2023-07-14T05:56:09","modified_gmt":"2023-07-14T09:56:09","slug":"australia-no-3-bank-clinches-union-deal-for-staff-to-work-from-home","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35516","title":{"rendered":"Australia No.3 bank clinches union deal for staff to work from home"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File Photo<\/span>
\n<\/i>\n<\/div>\n

By Byron Kaye<\/p>\n

SYDNEY (Reuters) – National Australia Bank (OTC:) (NAB), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the world’s first to give private-sector staff legal protection for remote work.<\/p>\n

As part of a broader deal that guarantees pay rises for 80% of the bank’s 32,000 staff, NAB must show “support of and encouragement of working from home arrangements” with limitations on the grounds for the employer to refuse a request, according to the Finance Sector Union (FSU). <\/p>\n

The deal breaks new ground in a global standoff between corporations and their staff since bosses started calling an end to home-working arrangements that were precipitated by COVID-19. This week the Australian federal body that sets public sector wages also agreed to a union request for uncapped work from home days.<\/p>\n

But the pressure point has gone largely unresolved in the private sector, including an unsuccessful class action lawsuit by employees of Amazon.com (NASDAQ:) requesting repayment of expenses related to working from home after it ordered a return to the office.<\/p>\n

Some of Australia’s biggest companies, including NAB and larger rival Commonwealth Bank of Australia (OTC:) (CBA), have set minimum office attendance requirements. But the country’s capital city office vacancies remain around one-sixth, far higher than pre-pandemic levels, amid entrenched resistence.<\/p>\n

The FSU said in a statement the agreement was a win for thousands of bank workers, adding that it would pressure other large Australian banks to match the new benchmark set by NAB.<\/p>\n

A NAB spokesperson said the deal reflected the bank’s guidelines since 2021 of at least two or three days a week in the office but highlighted “the option for colleagues to apply for flexible working arrangements” as defined in the country’s workplace laws.<\/p>\n

The deal comes two days after the FSU took CBA, the country’s biggest bank which has 49,000 staff, to the industrial regulator to object to a directive to return to the office 50% of the time from this month.<\/p>\n

In its complaint to the Fair Work Commission, the union said CBA’s return-to-office directive would force staff to spend more money on commuting and child care and lose two to three hours a day travelling to and from work.<\/p>\n

A CBA spokesperson said the bank respected its existing union agreement “and those matters that require consultation”.<\/p>\n

“Flexible working options remain available, as they always have, and we’ll continue to give consideration to our people who require more tailored arrangements,” the spokesperson added.<\/p>\n

No. 2 bank Westpac and the FSU are currently negotiating a new enterprise deal which includes the question of whether to allow work from home, the union said. (This story has been refiled to correct syntax and add a dropped word in paragraph 10) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File Photo By Byron Kaye SYDNEY (Reuters) – National Australia Bank (OTC:) (NAB), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the […]<\/p>\n","protected":false},"author":1,"featured_media":35517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-35516","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAustralia No.3 bank clinches union deal for staff to work from home | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=35516\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia No.3 bank clinches union deal for staff to work from home | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=35516\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T09:56:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-14T09:56:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/LYNXMPED781SJ_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=35516#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=35516\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Australia No.3 bank clinches union deal for staff to work from home\",\"datePublished\":\"2023-07-14T09:56:08+00:00\",\"dateModified\":\"2023-07-14T09:56:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=35516\"},\"wordCount\":505,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=35516#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=35516\",\"url\":\"https:\/\/ifintechworld.com\/?p=35516\",\"name\":\"Australia No.3 bank clinches union deal for staff to work from home | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-14T09:56:08+00:00\",\"dateModified\":\"2023-07-14T09:56:09+00:00\",\"description\":\"\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=35516#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=35516\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=35516#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australia No.3 bank clinches union deal for staff to work from home\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Australia No.3 bank clinches union deal for staff to work from home | iFintechWorld","description":"\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=35516","og_locale":"en_US","og_type":"article","og_title":"Australia No.3 bank clinches union deal for staff to work from home | iFintechWorld","og_description":"\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File","og_url":"https:\/\/ifintechworld.com\/?p=35516","og_site_name":"iFintechWorld","article_published_time":"2023-07-14T09:56:08+00:00","article_modified_time":"2023-07-14T09:56:09+00:00","og_image":[{"width":728,"height":485,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/LYNXMPED781SJ_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=35516#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=35516"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Australia No.3 bank clinches union deal for staff to work from home","datePublished":"2023-07-14T09:56:08+00:00","dateModified":"2023-07-14T09:56:09+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=35516"},"wordCount":505,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=35516#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=35516","url":"https:\/\/ifintechworld.com\/?p=35516","name":"Australia No.3 bank clinches union deal for staff to work from home | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-14T09:56:08+00:00","dateModified":"2023-07-14T09:56:09+00:00","description":"\u00a9 Reuters. FILE PHOTO: The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS\/Daniel Munoz\/File","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=35516#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=35516"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=35516#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Australia No.3 bank clinches union deal for staff to work from home"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/35516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35516"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/35516\/revisions"}],"predecessor-version":[{"id":35518,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/35516\/revisions\/35518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/35517"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}