Wednesday, July 16, 2008

Bank outsourcing work to India

The work of 238 people in the ANZ National Bank's lending services centre in Auckland and customer transaction service centre in Wellington will be outsourced to India, the bank announced yesterday.

Finance workers union Finsec today accused the Australian-owned bank of being greedy and a bad corporate citizen. Finsec campaigns director Andrew Campbell said the bank could easily afford to employ a New Zealand workforce, but wanted to meet a stated goal of doubling its profit in five years.

The work of the employees in the two centres will be done in India at a quarter of the cost.

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