Newly merged industry fund Brighter Super has stripped the Electrical Trades Union of its board membership after an explosive blow-up between the union and the fund’s CEO over her alleged support of nuclear power.
The union also blocked Brighter Super from attending union meetings until the fund agreed to continue funding suicide prevention program Mates In Energy, and has sought to replace Brighter Super as the default fund in enterprise agreements.Brighter Super chairman John Smith said in a video to members that the fund had sought to engage the ETU in an “open, respectable and reasonable relationship”.
“This culminated in ETU leaders openly advocating that members switch to another fund,” he said. “This conduct raises concerns regarding members’ interests.” “This attack is for no other reason than the chair, the CEO and the cabal of loyal followers on the board don’t like the ETU speaking out against the CEO even when her actions conflict with our values and endorsed policies of our union,” he said in a letter to members.
Mr Ong said the board’s appointment of Ms Farrar, a Seven Group board director and the former managing director of electricity retailer QEnergy, raised “serious red flags with our union”, citing her previous comments on deregulation of electricity markets, privatisation of public electricity assets, and “enthusiasm” for offshoring work.
That’s bullshit. Nuclear is the way to go if we are to reduce energy prices. It’s true who runs the industry funds it’s the labour ideology. I will never have my super with industry funds as long as live.
Been an ETU member for years and have always disagreed with their stance on Nuclear. Its the only way for no CO2 dispatchable power. Only fooling ourselves think solar and wind can do the job.
yeah, the leadership of the ETU are not what you'd call the brightest sparks now are they?
Imagine all the High-Tech, Electrical unionists if we could only get “greenhouse”, “climate” “gas” free nuclear
That's about the most genuinely progressive event I've encountered in a long while.
Hardly a merger, more like a takeover
Wow. The hand that feeds …
Not too bright to take on a very big chunk of its membership, especially when it's a mutual.