ANZ have come under fire after it was reported they were sacking 500 workers, shifting operations to India.
However, ANZ have fired back claiming that they will not make any cuts to jobs in 2009 and that Australian workers are safe.
In a statement on Sunday, an ANZ spokeswoman said, “Despite the economic slowdown, ANZ’s business is continuing to grow, and the bank does not expect material reductions in employment in 2009.”
The spokeswoman said the nature of some people’s jobs may change, but they would most probably be reposition within the company.
Speculation was rife over the weekend that the bank would shed 500 back-office jobs by the end of the year, with a spokesperson hinting at a possible growth in operations in Bangalore, India.
“In 2008, the size of the operation in Bangalore grew by around 500 people and it is reasonable to expect there will be some further growth in 2009,” he said.
ANZ chief executive officer, Australia, Brian Hartzer has expressed that the bank understands people are concerned about their jobs in the current economic climate.
“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 programs and to making any changes responsibly and with care to ensure the impact on staff is minimised.”