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SUVA, Fiji Islands (December 30, 1998 - Radio Australia)--- Fiji's Bank Employees Union is gearing up for a battle over pay with the Australia New Zealand Banking Corporation, or ANZ.

The union has filed notice of a dispute with the Ministry of Labor, after the two sides failed to reach agreement on a pay increase.

Union Secretary Diwan Shankar said the union wants a ten percent cost of living adjustment, but the bank has refused to offer a pay raise of more than three percent.

Mr. Shanker said the bank's position is unacceptable, given its enormous profits in Fiji which it passes on to overseas shareholders.

Earlier this year, the union led ANZ staff members on a five-day nationwide strike against the bank's restructuring plan.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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