New deal to grant employees a 12.5% pay increase over next three years
A majority of employees in Australia Post have voted in favour of a new Enterprise Agreement (EA2024) that guarantees a 12.5% pay increase for 30,000 eligible staff.
In a media release, Australia Post said 89% of employees voted in favour of EA2024, which will grant its workforce a four per cent increase annually over the next three years.
Sue Davies, Australia Post Executive General Manager People and Culture, said the pay increase acknowledges employees' efforts to deliver for customers and the community.
"This investment in our people recognises the crucial role our team members play in putting these changes in place, so we can keep providing meaningful jobs and ensure Australia Post continues to be an employer of choice and a great place to work," Davis said in a statement.
According to organisation, the EA2024 was formally endorsed by the Communication, Electrical and Plumbing Union Communications Division, which represents most Australia Post team members covered by the enterprise agreement.
"EA2024 will now be lodged with the Fair Work Commission for approval," the Australia Post said.
The pay increase comes as Australia Post aims to become more financially sustainable.
"We were focused on reaching an agreement that offers our people certainty and security while we work to implement reforms to our delivery and retail networks and build a more financially sustainable business," Davies said.
Last year, the organisation announced that it is trimming 400 roles by the end of the year as it underscored the need to adapt the structure of its support office team to be "more efficient."
