Menu
Business

ANZ to slash workforce

Stock Image
Stock Image Kieran Salsone

ANZ will to cut about 1000 jobs as the bank shrinks its Australian workforce to adjust to weak demand for financial services.

ANZ today said it would cut 1000 permanent jobs in Australia during the 2012 financial year. Most of the cuts would be among middle management, back office and support staff, it said.

The Finance Sector Union denounced the move, saying there was no justification for such reductions at a time of record profits for the bank.

"With a combined profit of more than $24 billion, if anyone can afford to invest in Australian finance jobs it is our four big banks," FSU national secretary Leon Carter said.

ANZ said the cuts were in response to the changing environment for banks worldwide.

>> Read more at brisbanetimes.com.au

Topics:  anz



Widgee business fight, Valley crash and more weekend news

Mike Hartley addresses the crowd gathered in support of Widgee Engineering.

Catch up with the weekend news right here.

Roads, rates and rubbish: Fredman hits the campaign trail

Division 8 by-election candidate Bob Fredman.

My main interest is in roads, rates and rubbish: letter

Roadcraft CEO: Driver education reform needs to happen

Sharlene Markin CEO of Road Craft Gympie.

"We set people up to fail in front of their peers

Local Partners