The "near disappearance" of industrial action over recent decades is strongly correlated with the "deceleration" of wages growth, according to the new analysis released by the Centre for Future Work just days after the FWC halted the planned Sydney train strike.
CBA HR chief Melanie Laing has suffered a 52% pay cut following a decision by the company's board to cut to zero the short-term incentive payments for group executives, while a superannuation review has revealed about $16.7 million in underpayments to 36,000 current and former bank employees.
Just a week after RBA Governor Philip Lowe called for workers to push for bigger wage rises, the FWC has approved a deal that secures increases of just 2% a year for his own 1000-strong workforce, but with the prospect, for some, of also winning performance-based bonuses.
Loy Yang power station and mine workers have conceded the possibility of forced redundancies and increased use of contractors in exchange for annual 5% pay rises in voting up a new enterprise agreement with operators AGL Energy.
Expanding on its theme that the wages system is "broken", the ACTU will seek to change workplace laws so workers and unions can bargain "where the power is" across industries and franchised employers, rather than being limited to the enterprise level.
Qantas is once again being forced to defend its approach to employee classification, with the FWC today commencing a three-day hearing into allegations the airline is requiring senior catering coordinators to fulfil a similar role at significantly reduced pay after effectively rechristening their positions.
The FWC has thrown out an employer's argument that a "wide view" of the Fair Work Act allowed it to make four safety officers working on the Gorgon LNG project redundant when they refused to accept a 13% pay cut.