News

ANZ’s proposal to offshore 131 jobs brings the total number of finance jobs offshored in 2013 to 500, said the Finance Sector Union today.



131 ANZ employees have been advised that their jobs will be offshored to India in coming months. This latest announcement comes hot on the heels of Westpac’s announcement last week that 134 jobs are heading offshore to India and the Philippines.



“We are not even two months into the year, and already 500 finance jobs have been offshored. Is it any wonder that finance workers are feeling increasingly concerned about their future?” said FSU National Secretary Leon Carter.



Most of the jobs caught up in the latest offshoring announcement are located at ANZ’s Wealth and Private Banking business in Sydney.



The jobs targeted for off-shoring involve administration of the pension funds of high net worth individuals.



“When these jobs are performed in Australia, the data that workers access is subject to Australian privacy laws. Offshoring these jobs may put customer data at risk,” said Leon Carter.



A recent Essential Poll found 85% of Australians want banks and other businesses to obtain consumer consent before offshoring their data.



The poll also highlighted significant public concern over the loss of jobs associated with data storage and administration, with 73% supporting government intervention to protect jobs in the services sector.



“ANZ should do the right thing by customers and their loyal staff, and keep jobs and data in Australia,” said Leon Carter.



“And with ANZ on track to post another record profit this year, it is simply not good enough that 131 finance workers face an uncertain future while working for one of Australia’s most profitable banks.”





Contact Leanne Shingles on 0423 821 773 for further information or to arrange an interview with FSU National Secretary Leon Carter.