Australia's Westpac to cut more jobs

Australia's Westpac Bank announced that 126 more jobs would be cut in its efforts to reduce costs.

A Westpac spokesman said that affected employees were already informed about the decision. Just last February, Westpac announced its decision to cut 560 positions at the bank.

While Westpac expressed commitment in retaining core highly skilled technology workforce in Australia, Westpac head of group media relations Paul Marriage said that some IT roles can be more efficiently done by external specialists like IBM.

The Finance Sector Union said 119 technology jobs would go overseas, with a further seven positions in the collections area of the ban to be outsourced either in Australia or overseas.

FSU National Secretary Leon Carter said the decision to axe those roles was totally unjustified.

"Australian bank customers are sick of banks sending jobs offshore, and Australian bank workers are sick of being sacrificed on the altar of profit," Carter said in a statement.

For the source of this story, click here.

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit