Despite ongoing concerns from the Finance Sector Union (FSU) about job cuts and offshoring at the major banks, most of the banks either deny there are set plans to cut jobs, or say they have no plans to reduce numbers in their wealth management divisions.
ANZ recently announced plans to cut around 130 jobs, mostly in the area of retail banking, and there has been ongoing concern from the FSU about Suncorp moving a number of commercial insurance jobs offshore.
In early November Westpac announced close to 200 mostly IT-related roles would go, while NAB signalled 135 jobs would disappear.
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