Westpac transferring 190 Australian jobs from New South | Australian Markets
After reporting bumper income and saying the company was in good condition, one of Australia’s Massive 4 banks has confirmed it’s sending Australian jobs offshore.
Westpac on Thursday confirmed that 190 jobs from New South Wales and South Australia will despatched abroad, staffed by groups within the Philippines.
The 190 Australians who stuffed these roles now face the risk of unemployment if they will’t be retrained or redeployed into different roles within Westpac Group’s business.
The bank, which made $7b in revenue final financial 12 months and simply days in the past introduced a $1.7b quarterly revenue, mentioned operation modifications occur “from time to time” and that it hopes to help with “career transition”.
“From time to time, we change the way we operate and this can impact some roles and responsibilities,” the spokesperson mentioned.
“When this happens, we work closely with employees to provide tailored support and assistance with career transition. We try to keep as many employees in the Westpac Group as we can, through retraining and redeployment.”
Westpac Group, which employs over 30,000 Australians, mentioned: “These changes are in head office and operational functions and represent around half a per cent of our workforce.”
The offshoring was slammed by the Finance Sector Union who raised questions over buyer security.
“Westpac made $7bn in profit in the last financial year, a result the chief executive officer said would ‘set Westpac up for growth and success’. Is this what ‘growth and success’ looks like for Westpac workers?” FSU Nationwide secretary Julia Angrisano informed The Australian.
“These are skilled bank workers managing complex commercial relationships and sensitive information. Our members who work at Westpac have told us about their concerns not just for their own jobs, but for customers and the security of their data.”
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