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Media release: Workers welcome bank outsourcing back down
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200 IT workers at Westpac bank’s Kogarah site have won a reprieve after the bank backed down on plans to outsource their jobs, said the Finance Sector Union today. The workers come from an area of the St George Bank that has been part the Westpac group since the merger between the two banks in 2009.

“This is a great outcome for not only the St George IT workers but for the Kogarah community. Maintaining a strong presence with high skill, well paid jobs at the Montgomery St site is integral to the future viability of the local economy” said Geoff Derrick of the Finance Sector Union.

“The result demonstrates that you can do business and be successful in the finance sector without outsourcing work, slashing positions and offshoring jobs,”

“FSU members, through their collective action, have saved 200 jobs at Westpac. I congratulate union members at Kogarah for standing firm,”

The workers were at risk when Westpac revealed the bank was in advanced discussions with IBM about outsourcing those jobs.

The workers at risk of having their jobs outsourced stood together to get straight answers from Westpac and collectively raised genuine concerns about the outsourcing plan. Staff believed that they had the skills and expertise to provide outstanding service to customers and the business in regards to their technology functions. And that the proposed outsourcing was not in the best interest of all involved.

Last week, Westpac advised employees and the union that the IBM proposal had been rejected and that the jobs would not be outsourced.

“When workers act together, and look out for each other, they can win.” said Geoff Derrick


Media    Leanne Shingles   0423 821 773

Spokesperson   Geoff Derrick    0419 632 722

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