ANZ’s new Manila Hub may cost Kiwi jobs

ANZ’s new Manila Hub may cost Kiwi jobs

New Zealand bank jobs could be at risk again following ANZ Bank’s announcement they are opening a new processing centre in the Philippines, says the bank workers' Union Finsec. ANZ National Bank has already offshored hundreds of New Zealand jobs to the bank's other processing centre in Bangalore.

Late yesterday ANZ announced it will open a new processing centre in Manila, expecting 300 employees to be based there by the end of 2010. ANZ have indicated that some of these jobs may be cut from its Australian and New Zealand operations.

“Our concern is that ANZ are looking at increasing their already excessive profit margin by seeking to employ cheaper labour at the expense of Australian and Kiwi jobs,” said Finsec Campaigns Director Tali Williams. “This is outrageous coming from a corporation that made $253 million in the December 2009 quarter alone.”

“We call on ANZ to publically commit to keeping local staff in jobs rather than contribute to already high levels on unemployment in this country by sending jobs to the Philippines, they can afford it” said Ms Williams.

ENDS

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