Finance Sector Union statement on Me bank sale


Finance Sector Union National Secretary Julia Angrisano said that ME Bank staff have been understandably anxious about their futures as reports of the bank’s impending sale became public.

In light of today’s announcement, the FSU is focused on securing the best job security outcomes for bank staff. This includes a 12-month moratorium to protect jobs, a commitment to redeployment opportunities across the broader Bank of Queensland Group and that the bank does the right thing by ME Bank employees.

“ME Bank employees have worked hard over many years to build this bank to the point where it has become an attractive acquisition for a retail bank like Bank of Queensland,” Ms Angrisano said.

“It is important that the new owners recognise that while they are buying the trusted ME brand, the bank’s loan book and its depositors’ accounts, it is also taking over the livelihoods of the staff.”

“We represent members in both banks. We have a positive outlook for the future of the enlarged and expanded Bank of Queensland Group.”

“We believe it is a positive step that the Bank of Queensland has committed to maintaining the ME Bank brand and its Melbourne-based operations.”

“We will continue to support workers through this change with the expectation that the transaction will result in a larger and more profitable Bank of Queensland and greater opportunities and career prospects for all of its staff.”

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