Australia and New Zealand Banking Group Limited
(ASX:ANZ) has reportedly cut an additional 248 jobs across its operations in Australia in an effort to downsize its Australian workforce.
The Sydney Morning Herald reports that staff at ANZ’s mortgage fulfillment centres in Sydney, Brisbane, Adelaide, Perth and Hobart were told yesterday that their jobs would now be outsourced.
The paper reports an ANZ spokesperson saying that close to 150 jobs are to be outsourced to companies such as U.S. Iron Horse, and a further 40 to got to the company’s technology and operations centre in Bangalore.
In March this year the bank announced that close to 500 jobs had moved offshore to Bangalore over the past year.
Looking back over the past five years, ANZ’s profit highlight was in 2007 posting profit of $4.2 billion.
