National Bank demise closer than ever with big job changes signaled?

ANZ retail staff were informed this week that their jobs are to be restructured, in order that they be more closely aligned with National Bank jobs.

In response to Finsec’s media comment, the bank stated publicly that redundancies wouldn’t be a feature of the change, a commitment they refused to make as part of the review the staff collective agreement.

Andrew Casidy said that the bank had tried many times to minimise the changes as a simple re-branding exercise. “We are very concerned that the move will have much more of an impact than just different signs and letterhead. ANZ National are an extremely profitable company, and they will have a hard time convincing New Zealanders that there is any case to cut jobs or service to customers.”

Finsec members will be engaged in a collective response to the proposed restructuring over the coming weeks, and are also currently holding report back meetings on the outcomes of the CEA review.

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