Jobs at risk in AXA potential takeover

Finsec has said a potential merger between AMP and AXA could come at the expense of local jobs. This week, the Australian competition regulator rejected an AXA takeover by BNZ parent company NAB, but said a rival bid from AMP would be ok.

Finsec General Secretary Andrew Casidy told the Dominion Post that job losses and centralising back office functions to Australia could well be a feature of the merger, and said “It is hard to see if AMP was successful in getting control of AXA how there wouldn’t be quite some pressure to look at those things and further wind down job opportunities in the New Zealand operation.”

Finsec members at AMP have just ratified their collective agreement, while members at AXA took part in bargaining this week.

Advertisements

0 Responses to “Jobs at risk in AXA potential takeover”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




You can contact us at:

0800 FINSEC (0800 346 732)
union@finsec.org.nz
www.finsec.org.nz


Creative Commons License
Join Now 0800 FINSEC

RSS LabourStart – act now to help other workers

  • An error has occurred; the feed is probably down. Try again later.

Finsec Photos

Archives


%d bloggers like this: