ANZ’s new Manila Hub may cost Kiwi jobs

New Zealand bank jobs could be at risk again following ANZ’s announcement this week that it will open a new processing centre in Manila, expecting 300 employees to be based there by the end of 2010. ANZ have indicated that some of these jobs may be cut from its Australian and New Zealand operations.
“Our concern is that ANZ are looking at increasing their already excessive profit margin by seeking to employ cheaper labour at the expense of Australian and Kiwi jobs,” said Finsec Campaigns Director Tali Williams. “This is outrageous coming from a corporation that made $253 million in the December 2009 quarter alone.”
The bank issued a statement saying that Finsec was scaremongering over jobs, but Williams said that the bank could reassure staff about their job security by committing publicly to retaining jobs in New Zealand. “They have told our sister union in Australia, the FSU, that up to 100 Australian and NZ jobs will be lost to the hub. We are seeking firm commitments from the bank that jobs will not be lost as a result of this move.”
Check out media coverage on this issue at the links below:
http://tvnz.co.nz/business-news/anz-says-manila-hub-won-t-impact-jobs-3451965
http://www.radionz.co.nz/news/stories/2010/04/08/1247fdaea9fd

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