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Payroll automation error behind NAB s AU$55m wage repayment

A payroll review has found the bank miscalculated staff benefits and as a result has paid AU$55 million to the 3,200 current and former employees.

Sector unionNational australia bankFinance sector unionInsurance awardAustralian payroll associationNational australia bankFinance sector unionதுறை தொழிற்சங்கம்தேசிய ஆஸ்திரேலியா வங்கிநிதி துறை தொழிற்சங்கம்காப்பீடு விருதுஆஸ்திரேலிய ஊதியம் சங்கம்

Morale is at an all-time low : AMP Australia to cut 20pc of staff

AMP’s bank and wealth business is headed for a restructure that will shrink its workforce by around 20 per cent over the next year, saving $300 million.

Alexis georgeJulia angrisanoInvestments commissionSector unionFinance sector unionFrancesco de ferrariAustralian securitiesஅலெக்சிஸ் ஜார்ஜ்முதலீடுகள் தரகுதுறை தொழிற்சங்கம்நிதி துறை தொழிற்சங்கம்பிரான்செஸ்கோ டி ஃபெராரிஆஸ்திரேலிய பத்திரங்கள்

Morale is at an all-time low : AMP Australia to cut 20pc of staff

Morale is at an all-time low : AMP Australia to cut 20pc of staff
brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.

Alexis georgeJulia angrisanoInvestments commissionSector unionFinance sector unionFrancesco de ferrariAustralian securitiesஅலெக்சிஸ் ஜார்ஜ்முதலீடுகள் தரகுதுறை தொழிற்சங்கம்நிதி துறை தொழிற்சங்கம்பிரான்செஸ்கோ டி ஃபெராரிஆஸ்திரேலிய பத்திரங்கள்

Morale is at an all-time low : AMP Australia to cut 20pc of staff

Morale is at an all-time low : AMP Australia to cut 20pc of staff
theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.

UPDATE 1-Australia s NAB says 3,200 employees affected by underpayment for part-time work

By Reuters Staff (Adds background, details) May 26 (Reuters) - National Australia Bank Ltd on Wednesday said issues related to underpayment of staff for part-time work had impacted 3,200 current and former employees. The country’s third-largest bank also noted a local media report that said the Finance Sector Union was looking to lodge Federal Court proceedings against the bank for alleged underpayment of staff. The bank denied allegations that the underpayment issues impacted full-time employees, adding that it had already paid all current employees affected by the problem and was contacting former employees for payment. NAB said employees who worked in full-time capacities were unaffected by payment complications as “hours of work are not used to formulate their salary”.

Sam holmesChristopher cushingSoumyajit sahaThomson reuters trust principlesNational australia bank ltd onSector unionWestpac banking corpAustralia bank ltdFinance sector unionFederal courtThomson reuters trustWages update 1Asia pacificAustralia new zealandCorporate eventsBanking amp investment services trbc level 2