ANZ National Bank campaigning to offshore public services?

Finsec is questioning ANZ National’s political motives in light of the imminent release of a report critical of the amount the Government is spending on public services.  The Press last week reported that the bank will be critical in the report of the amount the Government is spending on “back office” or non front line services.

“It is of great concern that the report apparently focuses on “back office” jobs in the public sector given ANZ National has just announced its intention to offshore a good chunk of their back office work to Bangalore,” said Finsec Campaigns Director Andrew Campbell. “ANZ bank chief economist Cameron Bagrie has previously said he wouldn’t mind seeing unemployment increase to help curb inflation. Have he and the bank now identified who they want unemployed – public servants?”

“Differentiating the value of front line and back office public service work is a red herring. It is this kind of argument that is often used as a precursor to privatisation of public service jobs.  Does ANZ National bank want public service jobs outsourced or offshored too?” said Campbell.

“A strong public service is of benefit to all of us. Front line staff require back office support just as they do in any private sector business,” said Campbell.

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