ANZ to off-shore 130 jobs to India. Picture: File Source: AAP
- FSU says ANZ bank are offshoring 131 jobs
- Admin jobs to go to India
- ANZ reports first quarter profits of $1.53 billion
MORE than 130 ANZ employees have been advised that their jobs will be off-shored to India in coming months, according to the Financial Services Union.
Most of the roles to head overseas are Sydney-based roles
The jobs targeted for off-shoring involve administration of the pension funds of high net worth individuals.
ANZ advised FSU that the off-shoring of jobs is designed to "minimize duplication and bureaucracy and improve our business resilience."
The FSU said that the offshoring of jobs is not good enough by the bank given their recently reported another 6.2 per cent jump in net profit for the period to 31 December 2012 citing further productivity gains made across the Group
"That's not duplication or bureaucracy, that's ANZ's Australian staff delivering the goods again," said the FSU statement.
"ANZ can afford to invest in Australian jobs and skills. It is simply not good enough that 131 ANZ staff face an uncertain future while working for one of Australia's most profitable banks."
ANZ have been contacted for comment.
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