CBA staff eyeing pay rise: report

Employees, lender to begin talks amid push for larger share of record profit.

With Commonwealth Bank of Australia Ltd on track for record full-year profit, employees of the lender are pushing for an increased share of the spoils, The Australian Financial Review reports.

According to the newspaper, negotiations over CBA's enterprise agreement with staff will commence today in Sydney, with employees eyeing pay rises after a cap of 3.5% was put on the request in 2012.

"We were disappointed with that last year given the record profit for the bank," Finance Sector Union national assistant secretary Geoff Derrick said, according to the AFR.

"We are expecting to catch up on some lost ground this year.

"We are interested in things like the safety nets – the minimum rates – and we are interested in the pay quantum to reflect the performance of CBA workers who have made CBA the number one bank in the country both by profitability and customer satisfaction levels."

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