News: Australia's leading bank ANZ shifts jobs to India

#Updates

Australia's leading bank ANZ shifts jobs to India

Australia's leading bank ANZ is set to cut 70 jobs from its Australian operations and replace the staff with employees from India as a cost-cutting measure, says a media report. "These changes reflect the need to simplify our business given the more subdued economic environment and to ensure our customers are supported with specialist back-office capabilities," an ANZ spokesman was quoted as saying by the report in a local daily 'The Age’.

Australia's leading bank ANZ is set to cut 70 jobs from its Australian operations and replace the staff with employees from India as a cost-cutting measure, says a media report. "These changes reflect the need to simplify our business given the more subdued economic environment and to ensure our customers are supported with specialist back-office capabilities," an ANZ spokesman was quoted as saying by the report in a local daily 'The Age’.

The report further states that the bank has informed its staff that cuts will be made in its wealth division, and will affect back-office positions in Sydney. This comes in the wake of ANZ last year announcing cuts of about 1,000 jobs in back-office and middle management roles in response to weaker economic conditions.

Source: The Economic Times

Topics: #Updates, #Jobs, Talent Acquisition

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