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While the westpac enterprise agreement appears to leave the bank some discretion as to when employees should use their leave rights, the bank may potentially further damage its reputation by encouraging employees to take vacations in their backyards. “We understand that today people are so busy juggling work, play and their privacy that it was crucial for the new agreement to take steps to facilitate that balance,” he said. This agreement replaces the Bank of Queensland`s 2006-2009 collective agreement and has a nominal expiry date September 30, 2014. DAVID Liddy, CEO and CEO of BOQ, said the new agreement will help BOQ employees covered by the agreement better balance the demands of work and life. “I am totally attached to the BOQ team, which is doing a fantastic job, and I am delighted that the bank was able to offer an attractive agreement that was welcomed by the employees,” said Liddy. Some executives, who earn more than AUD 110,000 a year and whose salaries are governed by the enterprise agreement, receive significantly less than the increases in securities. While the FSU and its members are acting for increases of 3 percent more, in accordance with multi-year agreements negotiated with Westpac and NAB earlier this year, the pandemic has paralyzed the union`s bargaining power. “In some sectors, such as construction, commercial services and other service sectors, a small number of significant wage declines have generally contributed to the decline in the sector. This means that many IAG employees are facing a decline in their real incomes, as the increase in the payroll over the next three years will not be enough to achieve nominal wage increases in line with inflation for all employees. Suncorp`s announcement last week of the elimination of 550 national workforce positions is expected to be the first in a series of restructurings across the industry, with banks and insurers responding to revenue losses caused by COVID-19. The new BOQ 2010 enterprise agreement was concluded through negotiations with DenErl negotiators and the Financial Enterprise Union.