Melbourne: Australian ANZ Bank Monday 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.
“Despite the economic slowdown, ANZ’s business is continuing to grow, and the bank does not expect material reductions in employment in 2009,” ANZ said in a statement.
An ANZ spokesperson said this applied to ANZ’s overall employment levels and to levels specifically within 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 Monday 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.
The bank said the growth of the Bangalore facility had not meant fewer overall jobs in Australia.
’The Age’ today quoted an ANZ spokesperson stating “categorically yes” on the query if the bank could say that 500 jobs in Australia will not be shifted to India.
However, BusinessDay asked ANZ whether the back-office jobs in Australia would be cut and moved to India, an ANZ spokesperson declined to comment directly. She referred to a company statement released yesterday.
ANZ Chief Executive Officer (Australia) Brian Hartzer said that “the bank understands that people were concerned over the effect of the economic slowdown on jobs” and expected that banks would play their role in maintaining lending and supporting people facing hardship.
“While in these times, the difficult reality for all businesses is that there will be change to adapt to the current economic climate,” he said.
“ANZ is committed to being transparent about change programmes and to make any changes responsibly and with care to ensure the impact on staff is minimised.”