Protecting Jobs A Priority At ASB
Tuesday, 5 May 2009, 2:11 pm
Press Release: ASB Bank
Protecting Jobs A Priority At ASB
ASB remains 100%
committed to doing whatever we can to retain as many jobs as
possible for New Zealanders right here in New
Zealand.
“During April, we confirmed publicly that
ASB would not be moving any of its banking operations
activities or roles offshore,” says ASB’s CEO, Charles
Pink. “In fact, of the 5,300 jobs in the ASB Group all
5,300 are performed in New Zealand. ASB has no plans to
change this strategy - we will not be offshoring jobs from
New Zealand to low cost countries.”
Two weeks ago ASB
also announced a series of cost saving initiatives, which
include pay cuts for executives and directors. These
initiatives are intended to responsibly address the effects
on ASB’s business of the global economic recession.
“The reason for this is to keep our people in jobs. We
confirm again that redundancies always have been, and will
remain, a last resort at
ASB.”
[Ends]
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