ANZ cuts more jobs

Reported by AAP
Thursday, March 7, 2013
Topics in this article:
Australia And New Zealand Banking

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ANZ has cut another 50 jobs, this time reducing staff in its institutional and international banking operations.

The bank said in a statement on Thursday most of the job cuts would come from ANZ's Sydney and Melbourne offices.

A spokesman said the staff changes were made in response to the impact of slower economic growth on institutional banking.

In February the bank cut 70 staff from its wealth management operations, and outsourced the roles to one of ANZ's offices in Bangalore.

That was also done to simplify its business in response to the weakened economic environment, the bank said at the time.

Other measures to increase productivity resulted in ANZ's full-time staff numbers in Australia falling by 2,699 in the 12 months to September 30, 2012.

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