ANZ offshoring in Australia – and New Zealand?

News reports this week that ANZ is sending 300 more jobs to Manila will pour petrol on the fire of community anger over the behaviours of the big banks, said the Australian Finance Sector Union.

Finsec is currently confirming what the impact will be on New Zealand jobs, but understands that a small number of Kiwi jobs may be offshored as a result of this decision.

Finsec Campaigns Director Andrew Campbell said that the bank’s customers, staff and the wider community would meet any offshoring of NZ jobs with anger. “In the last two years, ANZ National has refused to make commitments on keeping local jobs as part of collective bargaining. We hope they have not forgotten how damaging their offshoring to Bangalore was to the bank.”

The FSU said it was unfathomable that the Australian finance sector was bleeding jobs when the sector was so profitable, with net profit this year of A$4.5 billion.


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