ANZ set to Axe 230 Jobs

Cutting 230 more jobs does not meet the pub test for rebuilding trust nor does it meet the needs of staff, customers or the community

ANZ have announced plans to cut 230 jobs from their private bank and advice business. This latest announcement comes just weeks after cutting 60 jobs from their commercial business, and 3 more branch closures.

ANZ have said they are
“committed to helping rebuild trust in the financial advice industry”
“Regulatory changes, slower economic growth, increased community expectations and an evolving advice technology landscape require the Advice business to adapt so it can better service customers and create sustainable returns in the future.” – code for cut costs and increase profits.

Cutting 230 more jobs does not meet the pub test for rebuilding trust nor does it meet the needs of staff, customers or the community, – it’s all about cutting costs to increase their profits.

FSU members are already reporting they are working longer and harder, its time ANZ invested in their staff and customers.

Does this affect you? Time to speak up

ANZ are required to consult with staff about these changes, they are required to take into account the effect the change is likely to have on staff.
Get together with your colleagues, hold a workplace meeting to discuss what impact this change will have on your workloads, and submit your feedback to ANZ and the FSU before 19 March. Don’t forget to ask what steps the bank will take to mitigate any adverse impact on you and your colleagues.
If you work at one of these locations the bank has advised, you will be impacted by this announcement:

  • 55 Collins Street, Melbourne VIC
  • 242 Pitt Street, Sydney, NSW
  • 11-29 Waymouth Street, Adelaide SA
  • 77 St Georges Terrace, Perth WA
  • 833 Collins Street, Docklands VIC
  • The Wave 89-91 Surf Parade, Broadbeach QLD
  • 111 Eagle Street, Brisbane
  • 20 Smith Street, Parramatta NSW
  • 115-117 Racecourse Road, Hamilton QLD
  • 135 Horton Parade, Maroochydore, QLD
  • Newcastle West Business Centre

Advice and Support is just a phone call away

For more information about your rights and entitlements contact your FSU Workplace Representative or the FSU Member Rights Centre on 1300 366 378.

Not a Member? Join Now

If you are not already an FSU member, now is the time to join at FSU has the experience and expertise when dealing with restructures.

In Unity,

Julia Angrisano
National Secretary

Contact Details

Finance Sector Union
Ph: 1300 366 378

Authorised by Julia Angrisano, National Secretary