NTEU News | 2 July 2013
The National Tertiary Education Union (NTEU) has rejected Deakin University’s proposed salary increase of just 3% a year over 4 years. Colin Long, NTEU Victorian Division Secretary Colin Long says staff “expect a realistic offer that both protects their existing working conditions and recognises their work in generating record profits for the institution.” An analysis of Deakin’s annual reports by the NTEU “reveals a university with extremely strong income, profits and operating cash flows, and high holdings of cash and investments.”
The university recorded a 2012 surplus of $108.9 million and its holdings of cash and investments were at a record level of $337.7 million at the end of 2012.
According to the NTEU, the current collective agreement expired a year ago and Deakin staff have been negotiating a new collective agreement with management for over eight months. Staff are implementing industrial actions including a ban on the transmission of results, with industrial action set to escalate if an agreement is not made soon.