CBA kicks off national wages demolition

Mortgage forbearance doesn’t come cheap. Via Banking Day:

The prospects of real wage growth for thousands of workers in the financial services sector are waning after Commonwealth Bank stumped up a low-ball pay offer in its current round of enterprise bargaining talks.

The Finance Sector Union has rejected the bank’s offer which provides for rises of between 1.5 per cent and 2 per cent in 2020 and 2021.

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