The Commonwealth Bank of Australia (CBA) has told workers it will axe 163 jobs – 105 in CBA and 58 from its Bankwest arm, almost all of which are WA based roles.
Most of the jobs being cut are customer service roles.
CBA informed its staff of the cuts within days of posting a $2.6 billion profit for the March quarter, a 6 per cent increase on its previous quarter’s profits.
Of the 105 CBA jobs lost, 90 are located in NSW, with the remainder in Victoria, Tasmania, WA and Queensland.
The Finance Sector Union said this brings the total jobs cut across CBA and Bankwest in the last 12 months to almost 800.
In WA, almost 150 jobs at CBA have been lost already this year. This follows the 350 jobs that were impacted last year by CBA’s closure of Bankwest’s entire retail branch and ATM network in WA.
Quotes attributed to Finance Sector Union (FSU) National Assistant Secretary Jason Hall:
“While CBA’s profits have swollen in the past year, they have sacked almost 800 workers in piecemeal announcements, no doubt in the hopes that these smaller job numbers wouldn’t be widely noticed.
“CBA has provided insufficient detail about the latest job cuts to enable genuine consultation. The FSU has written to the bank seeking more information on the rationale for the cuts and the impact on remaining teams.
“CBA and Bankwest workers deserve job security but with announcements of job cuts every couple of months, they are instead wondering when and where the next axe will fall.
“These latest cuts are concentrated in customer service roles, which will directly impact CBA customers and communities who have already lost so many bank services.
“The further cuts at Bankwest are particularly concerning after CBA made a commitment to 500 new roles in WA after its decision to withdraw banking and go completely digital.
“Now these latest round of Bankwest cuts mean CBA has slashed almost 150 Bankwest jobs since the start of the year.
“CBA must explain to its workers and customers how it can justify these actions after another quarter of hefty profits.”
Media contact: Rebecca Nicholson – 0409 216 053
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