The Finance Sector Union vowed to fight for the 5000 jobs that are at risk following St George shareholders approval of the Westpac takeover, creating Australia’s first mega bank.
Bank workers including Branch Managers, Customer Service Officers, Mortgage Officers and IT staff from Bank SA and St George made their voice against the takeover heard at today’s Extraordinary General Meeting.
Leon Carter, National Secretary Finance Sector Union, said this is a dark day for St George bank workers and bank customers.
“The popular voice from the floor of the shareholders meeting today was overwhelmingly against the takeover. Mum and Dad shareholders, bank workers and retirees all spoke passionately about the need to keep St George bank as Australia’s strong, independent and fifth largest bank.
But in the end faceless institutional share holders passed the vote, shutting the door firmly on competition in the Australian banking sector,” said Leon Carter.
FSU
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