update ANZ Banking Group will slash another 1000 jobs in 2012, and according to the Finance Sector Union (FSU) it’s only a matter of time before the bank’s technology jobs are on the chopping block, too.
ANZ this morning said that it would cut 1000 permanent jobs in Australia during the 2012 financial year, with most of the cuts set to come from middle management, back office and support staff. ANZ said it would also keep its senior executive pay packets fixed for the year.
“We are acutely conscious of the impact of these reductions on individual staff members, and we will be making every effort to use natural attrition to redeploy staff, and to utilise our training funds to support those people affected,” ANZ chief executive Philip Chronican said.
“Although we need to make difficult decisions in the short term to adapt to the new global environment for banks, the economic outlook for Australia remains positive, and this helps underpin our continued investment in customer service and in emerging areas of opportunity,” he added.
Bank executives outlined the planned cuts to union officials during a meeting on Monday morning. The move has come under immediate attack from the FSU, which says that there’s no justification for axing so many jobs, given the size of bank profits in Australia.
“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,” said FSU national secretary Leon Carter of the job cuts.
ANZ Bank kicked off a round of redundancies midway through last month. It saw 130 jobs facing the axe, and, at the time, the bank said that there were no fixed plans in place to include IT staff in the move.
The FSU has told ZDNet Australia today, however, that it is only a matter of time before those in back office IT jobs face the axe.
“We’d be surprised if there weren’t some tech jobs affected,” the union said.
ANZ, however, has told ZDNet Australia that technology jobs aren’t part of this announcement, and remain safe under chief information officer Anne Weatherston.
Updated at 4.33pm, 13 February 2012: added comment from ANZ Bank.
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