Banks force locked down employees to use holiday pay

Tuesday, 28 July 2020

ANZ is calling on Melbourne staff to make sacrifices for the bank by spending holidays confined to their lounge rooms and frost-bitten backyards.

The bank confirmed to Banking Day on Monday it would continue to direct Australian bank staff to run down their accrued holiday leave entitlements before the end of September even though thousands of staff must comply with lockdowns in Melbourne and NSW hotspots.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.