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News : ANZ Moves Jobs to India
Oct 1, 2014 -- ANZ is moving 20 jobs overseas and will not rule out "offshoring" more jobs to cheap labour as it pursues greater cost-efficiency.
The bank has a global team based in Bangalore, India, which carries out some of its information technology service desk functions.
ANZ spokesman Stefan Herrick said the number would increase in March next year, affecting about 20 New Zealand jobs.
"Staff were consulted and advised of this some time ago," he said.
"We've been able to redeploy four staff to other roles within the bank and are working to identify other redeployment opportunities." Herrick said the bank had no specific plans for any other movement of roles but would not rule them out.
"We have stated before that we will always look for opportunities to operate more effectively and efficiently," he said. This includes how we can utilise our hubs in other parts of the ANZ Group."
Despite the 20 lost jobs, New Zealand is a net beneficiary of the ANZ Group's move to cut costs.
Herrick said more than 350 jobs from the group had been "onshored" to New Zealand in recent years.
First Union general secretary Robert Reid could not immediately be reached for comment.
Reid said shedding staff and sending them overseas had become a key factor in ANZ achieving its high profits.
The bank and the union are negotiating a new collective agreement and are locked in a dispute over pay and work conditions.
Workers at ANZ's Otahuhu branch walked off the job for an hour today after industrial action at the Wellington contact centre this week and strikes at other branches last week.
Union members will vote tomorrow on whether to accept the bank's latest offer, as well as whether to scale up to nationwide strike action.
Posted by Veronica Silva Cusi, news correspondent
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About ANZ Bank :
ANZ has a strong foundation in Australia, New Zealand and Asia Pacific and our strategy is to connect customers across our regions, with each other and with markets. We provide a range of banking and financial products and services to around 9 million customers. We employ around 49,000 people worldwide.
Published: Friday, October 3, 2014