Shayne Elliot Squashes Rumours of More Job Cuts at ANZ

This week, The Australian reported that ANZ is considering cutting another 8,000 jobs.

This would follow ANZ cutting over 12,000 jobs between 2016 and September last year.

The FSU wrote to Shayne Elliott asking him to confirm or deny these reports. 

Shayne replied saying that the article has “no merit”, and that ANZ is “not engaged in any work to reduce our workforce by such a number”. He called the report “misleading and inaccurate”.

The FSU welcomes Shayne’s comments.

After the fear and uncertainty created by the rumoured job cuts, we are pleased to see ANZ has no plans for wholesale staff cuts.

In his response, Shayne notes that jobs in the finance sector are under pressure as “new technology, changing customer needs, and new regulations” change the way services are delivered to customers.

FSU members know that our sector is changing. We are pleased to see that Shayne is looking to manage these changes responsibly through natural attrition and retraining impacted staff.

We look forward to further discussions with ANZ about the role you and your colleagues will play in the ANZ of the future.

As our sector evolves, you have a critical contribution to make to what our finance sector will look like in the future. To be part of that discussion, send an email to

FSU members are working together to shape the finance sector of the future. Join the movement creating a better finance sector today.


Contact Details

Finance Sector Union
Ph: 1300 366 378

Authorised by Julia Angrisano, National Secretary