Latest News

‘Some movement’ in banknote action: AMWU

Friday, 06 July 2018
By Jake Nelson
Tagged with:

Note Printing Australia at Craigieburn, Victoria.

Note Printing Australia (NPA) has given ground in its standoff with workers engaged in industrial action, increasing its pay offer and signalling a willingness to resolve a classification review.

Tony Piccolo.

According to Tony Piccolo, assistant secretary for print at AMWU Victoria, bans on overtime, material handling, and the use of some software applications have cut productivity at NPA’s Craigieburn plant by 20 percent, and management has shown ‘some movement’ towards resolving the situation that led workers to launch industrial action on May 25. “The company upped the wage offer to 2.5 percent in a meeting yesterday, and we’re confident we can get some resolution over the updates to classification structure, which just leaves the negotiations over the pay increase, domestic violence leave, and casual conversion for labour hire,” he said.

Though the unions are preparing to apply for further protected action if necessary, Piccolo is optimistic that an agreement between workers and management is not far off. “Yesterday’s meeting was positive and we’re hoping that the movement from the company will get us to where we need to be. I’m confident both parties want a resolution sooner rather than later,” he said.

Note Printing Australia is a wholly-owned subsidiary of the Reserve Bank, whose governor Phillip Lowe called for a 3.5 percent increase in wages across the country in February. Piccolo has challenged NPA management, and the RBA, to lead by example. “The members just want a fair agreement that delivers the wage rises the RBA itself is calling for,” he said.

NPA has produced Australian banknotes for more than 100 years, evolving from T.S. Harrison’s original print works that produced Australia’s first circulating banknote series in 1913. The RBA declined to comment.

Comment on this article


To receive notification of comments made to this article, you can also provide your email address below.