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CBA offers 3% pay rise as staff costs outstrip profit growth

Today's CBA announcement revealing that labour costs rose 6% in FY2016 while the group's statutory net profit only rose 2% has coincided with a 3% pay rise offer to staff, and a commitment to de-link pay from performance targets.

Construction code appropriated to cut pay: AWU

The AWU has accused the FWBC and a heavy equipment supplier of using the national construction code as a "Trojan horse" to cut pay and condition of workers outside the building industry.


Union's sidelining within rules: FWC

A big marine service provider has had a win against the MUA in the deadlocked bargaining round covering offshore oil and gas service vessels, which began in December 2012.


FAAA lauds "exceptional" 15% pay rise proposal

The Flight Attendants' Association of Australia is recommending Virgin's long-haul cabin crew endorse a new deal offering a 15% pay rise over four years and an immediate 7.5% increase for those on the top salary band.

Coles warehouse strikers win 4.75% increase

The NUW has won average pay increases of about 4.75% a year for 650 workers after a three-day strike at a major Victorian distribution centre for Coles supermarkets.

Think tank dismisses the FWC and minimum wage

Over the next 15 years the nation should abolish the FWC and modern awards, set the minimum wage "as low as is politically feasible" and let the welfare system top up earnings, according to a new paper from an influential free market think tank.

Weakest CPI in 17 years ahead of FWC wages review

A leading economist has warned Australia is in a "self-fulfilling cycle" of low productivity and wages growth after today's CPI figures showed year-on-year inflation almost flatlining at just 1%.