Cost Savings = Job Cuts? FSU Demands Answers

This week Westpac announced their results for the 2019 first half financial year.

The announcement included references to cost savings initiatives:

Media Fuels Speculation on Job Cuts

Days after these comments, the Australian Business Review published speculation on a review of Westpac’s operations being undertaken by KPMG – with a view to cut costs and reduce headcount.

Westpac staff deserve to know where they stand and have certainty around job security.

The FSU has written to Brian Hartzer asking him to confirm or deny if there are any plans to cut jobs as part of any cost savings initiatives or review being undertaken of Westpac operations by KPMG.

The FSU is currently waiting for a response form Mr Hartzer. We are committed to working with our members and Westpac as our industry evolves, to ensure there are meaningful, secure highly skilled jobs at Westpac.

What have you heard?

Westpac staff will play a critical role in ensuring the long-term success of Westpac, as work in the finance industry and Westpac evolves.

Email us at and let us know what is happening in your workplace around changes to work practices and plans to cut costs.

Not a member?

Join now to be part of the discussion on secure jobs and future of work at Westpac.


Contact Details

Finance Sector Union
Ph: 1300 366 378

Authorised by Julia Angrisano, National Secretary