ANZ job losses expected by union

CATHERINE HARRIS
Last updated 17:22 20/02/2013

Relevant offers

National business

Worker denounces port safety Video Ezy to launch streaming service Data startup takes on giants of IT industry Mall owner may float or sell Time right for publisher's listing - manager Spark exits New York stock exchange Creative kids' names help, not hinder Farm training handed fail mark from farmers Winston's warning bells over Fonterra joint venture Entrepreneur a bad employee but great boss

A union representing bank workers says ANZ's plans in Australia to offshore 131 back office jobs are being mirrored in New Zealand.

Robert Reid of FIRST Union said ANZ in New Zealand met the union and staff last week over a proposal to send 36 Auckland jobs in the lending services unit to Bangalore.

Fourteen new roles would be created "but that still leaves a net loss of 22 jobs", Reid said.

If the proposal went ahead, he understood it would take effect from mid-July.

ANZ was unable to reached for comment.

The union went public with the proposal after hearing a report that ANZ in Australia planned to offshore 131 jobs, redeploying about 60 staff and making the other 71 redundant, mostly from Sydney back offices.

"In both the New Zealand and Australian cases, these job losses caused by offshoring are completely unnecessary, given the profitability the bank is enjoying," Reid said.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content