Australian ANZ Bank today denied reports of shifting 500 jobs to India, stating it does not expect to make any "material" cut in employment in 2009, including jobs in Australia.
Last week, reports said that ANZ was offshoring its back-office operations in Melbourne to India by the end of the year. The bank today said that it had not announced job losses in Australia related to "offshoring". "Nor, the bank is expecting to do so in future," the spokesperson said.
The spokesperson said the nature of some people's jobs may change but they were mostly expected to be redeployed within the group. ANZ has a technology centre in Bangalore, India, that employs 3,000 people.
Tuesday, March 17, 2009
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