ANZ to move jobs overseas

The ANZ bank is expected move more Australian technology and back-office operation jobs to India by the end of this year.


In a statement released today, an ANZ spokeswoman said the company\’s Bangalore centre grew by about 500 people last year.

Media have reported that a similar amount of jobs will move to India this year and that most of the positions will come from Melbourne.

However, speaking to SBS, an ANZ spokeswoman has denied such claims, saying that while some jobs might move overseas, the figure 500 has come from sources unknown to ANZ.

Assistance to banks should be conditional to jobs: Union

Meanwhile, the Finance Sector Union told a Senate inquiry hearing today government assistance to banks should be conditional on jobs staying in Australia.

“If the Australian taxpayer is going to help Australian banks, one condition should be the immediate cessation of offshoring,” the union\’s national secretary Leon Carter said.

The union\’s director of policy Rod Masson said bank staff were being directed not to tell consumers work was being done offshore.

Consumers were being let down as call centre staff were being moved abroad. “The banks in this country spend an inordinate amount of time hiding who you are speaking to,” he said. “It\’s not being honest with consumers.”

Labour force data released on Thursday showed the jobless rate in February soared to 5.2 per cent, the highest in four years.

The finance union says Australian banks has slashed thousands of jobs in the past year, and sent more than 800 jobs offshore since October, despite their multi-million dollar profits.

In October, the federal government unveiled a guarantee program for deposits in Australian-owned banks, building societies and credit unions for the next three years.

The deposits scheme is worth up to $700 billion.