Australian union accuses major bank of pocketing millions in superannuation
Source: Xinhua   2017-02-21 09:40:28

SYDNEY, Feb. 21 (Xinhua) -- One of Australia's biggest workers unions has accused the Commonwealth Bank of Australia of ripping off thousands of part-time employees of their required retirement contributions.

The Financial Services Union (FSU) said on Tuesday, the Commonwealth Bank, one of Australia's biggest banks, might owe "millions of dollars in back payments plus interest" due to underpaying their workers their superannuation entitlements.

The union contends that over 7000 workers, who happen to comprise of mostly female employees, have been underpaid since 2009.

Julila Angrisano, national secretary of the FSU, said employees were paid based on what they were contracted to do, not the hours that they actually ended up working.

"Commonwealth Bank workers are telling us that they frequently work longer hours to cover staff shortages," Angrisano said.

The Commonwealth Bank of Australia is investigating the complaint. 

Editor: ZD
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Australian union accuses major bank of pocketing millions in superannuation

Source: Xinhua 2017-02-21 09:40:28
[Editor: huaxia]

SYDNEY, Feb. 21 (Xinhua) -- One of Australia's biggest workers unions has accused the Commonwealth Bank of Australia of ripping off thousands of part-time employees of their required retirement contributions.

The Financial Services Union (FSU) said on Tuesday, the Commonwealth Bank, one of Australia's biggest banks, might owe "millions of dollars in back payments plus interest" due to underpaying their workers their superannuation entitlements.

The union contends that over 7000 workers, who happen to comprise of mostly female employees, have been underpaid since 2009.

Julila Angrisano, national secretary of the FSU, said employees were paid based on what they were contracted to do, not the hours that they actually ended up working.

"Commonwealth Bank workers are telling us that they frequently work longer hours to cover staff shortages," Angrisano said.

The Commonwealth Bank of Australia is investigating the complaint. 

[Editor: huaxia]
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