ANZ to slash hundreds of jobs
ANZ Bank is expected to slash hundreds of Australian jobs in the first half of the year, as it seeks to cut costs in a weaker lending environment.
Officials from the Finance Sector Union were briefed on the looming job losses this morning, with the cuts expected within six months.
BusinessDay understands about 700 staff in back-office roles may be affected. One source within the bank placed the figure closer to 1000, "although the specific numbers could be slightly higher or lower".
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"This latest program is being done by stealth," said the employee, who asked not to be named.
"There is no formal communications within ANZ of this: just top-down targets given to each area to deliver," he said.
Read more at Brisbanetimes.com.au