The ANZ Banking Group is now in the process of engaging with their headquarters in Australia and their employees in the country before any steps are taken with regards to the Essential National Industries Decree.
This is after the ANZ Bank was named along with the Bank of Baroda, BSP, Westpac Bank, and the Fiji Revenue and Customs Authority as designated corporations listed under the finance sector.
ANZ Chief Executive Norman Wilson said their employees have been briefed but a decision on their next step will be made after talks with their headquarters.
Wilson added while they did not approach Government to be included under the Decree, they understand that banks are very important to the country.
The designated corporations announced are ANZ Banking Group, Bank of Baroda, Bank of South Pacific, Westpac, Fiji Revenue and Customs Authority, FINTEL, Telecom Fiji Limited, Fiji Broadcasting Corporation, Air Pacific, Fiji Electricity Authority and Water Authority of Fiji.
Under the decree which now applies to the companies listed as designated corporations, all existing collective agreements which were negotiated by the unions and the employer will only be valid for a period of 60 days while new or replacement collective agreements are negotiated.
Story by: Paradise Tudrau
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