NAB sends 41 more jobs to Bangalore

 Kathakali BangaloreThe National Australia Bank (NAB), which owns the BNZ, confirmed 41 back office jobs will be sent to Bangalore in India by the end of the year.

According to the Australian Financial Sector Union (FSU), the jobs impacted are in the wealth management area and finance and accounting jobs and also the direct sales and services area.

NAB claims that the money saved from these ‘efficiency gains’ will be reinvested back in front line customer service.

The FSU meanwhile says that the outsourcing again raises the safety concern for customers of having their private financial data sent off shore and to a third party whom they do not know.

NAB has now outsourced between 300 and 500 jobs.

The FSU’s spokesperson, Rod Masson, told the Sydney Morning Herald it was important to debate the offshoring trend in the context of what Australians wanted the finance and service industries to look like now and into the future.

“The jobs being lost today are highly skilled accountancy, financial and taxation reporting jobs,” he said.

“They are value-adding functions and as a country we should be looking at investing in these skills, not flogging them off overseas to the lowest bidder.”

(thanks to blackfin2 for the photo)

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