u/FSU_Australia

Workers aren’t “low-value”. They’re the people keeping banks running, supporting customers, spotting risks, solving problems and holding these organisations together.

AI should support workers, not become an excuse for mass job cuts, offshoring and treating people like disposable line items on a spreadsheet.

Finance workers deserve transparency, consultation and a real voice in how AI is introduced at work. The future of AI at work must be built around fairness not fear.

Read the article here.

“Employees know better and understand that cuts of this scale will only hollow out the organisation and be felt across the board,” FSU national secretary Julia Angrisano said.

Ms Angrisano said there was “nothing efficient about axing teams by up to half their workforce”.

“That’s simply a recipe for disaster,” she said. “Make no mistake, these savage and cruel job cuts will have a devastating impact on those left behind, who will rightfully despair as they wonder how they will continue to deliver for their members and community.”

Read more here.

94 jobs cut at BT while Westpac scrambles to hire workers through outsourced firms in UNITE.

Westpac says it’s retraining workers and redeploying staff but BT workers on the ground aren’t seeing it. Instead, experienced workers are being shown the door while the bank looks elsewhere to fill roles.

Hundreds of years of experience are walking out the door because Westpac would rather cut jobs than invest in the workers who already keep the bank running.

Read the article here: https://fsu.org.au/4wgN3VQ