The Commonwealth Bank (CBA) is cutting over 100 skilled technology roles despite its Chairman Paul O’Malley claiming, just last month at its AGM, that there is a lack of skilled technology workers in Australia.
The FSU has been advised that the 105 roles impacted are located across various business units including Retail Technology, Business Banking Tech, Ops and Tech Corp Services and Chief Security Office functions.
Finance Sector Union (FSU) National Assistant Secretary Jason Hall said:
“The decision to sack 105 highly skilled workers from technology roles at CBA is a cruel blow to dedicated staff proud to work at a Bank that continues to claim it is the most technologically advanced in Australia. We reject that these cuts are for modernisation and simplification – that’s just code for cost cutting.
“Once again it appears CBA is putting profits ahead of its people.
“If CBA cared about being leaders in technology, they’d be finding ways to keep these staff, not sacking them.
“These cuts come off the back of 116 job cuts in September also allegedly for efficiency and simplification. At the time a spokesperson claimed the CBA’s ‘priority was to deploy or reskill’ impacted staff for a new role or opportunity where possible. We ask CBA to today commit to ensuring that no worker faces leaving the Bank over these cuts.
“CBA has been increasing employment offshore as it sacks staff onshore which is outrageous behaviour for our largest bank. It also highlights the lack of commitment to this country and to training the workers who are helping it make profits and contributing to sky high executive salaries.”
Media contact: David Imber – 0413 274 204 or [email protected]
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