The Australia and New Zealand Banking group has committed money to re-skill its employees affected by offshoring jobs to the technology and operations centre in Bangalore, India.
Commonwealth Bank of Australia subsidiary Bankwest today confirmed it would cut at least "a handful" of IT staff as part of a wider cull that has also seen the bank refrain from hiring an additional 50 IT contractors over the past few months.
The National Australia Bank yesterday met union representatives to discuss the future of IT staff who might still be needed at the bank following its decision to suspend work with Indian IT outsourcer Satyam.
Around 800 Australian mid-level managers at ANZ Bank will have lost their jobs by Christmas; and while technology staff were included in the cull, the bank has refused to disclose numbers.
The Commonwealth Bank is returning to court to defend breach of contract claims made by ex-workers, after the Financial Sector Union instructed its lawyers to proceed with Federal Court action last week.
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