ANZ keeps 590 jobs onshore

After workers backlashed at proposed cuts, the company was forced to keep them in Melbourne.

Owen Raszkiewicz

Owen Raszkiewicz is a Motley Fool Contributor. Owen has been a Contributor since 2013, having also spent time as a Fool writer/analyst. He also worked as an Investment Analyst at Zenith Investment Partners, Australia's top research house specialising in managed funds. Owen has appeared on Channel 10's The Project and was invited on the BBC. He holds a Masters of Applied Finance, Masters of Financial Planning, Bachelor of Technology, Advanced Diploma of Financial Services and Diploma of Mortgage Broking Management. In addition, Owen has passed Level 1 of the Chartered Financial Analyst (CFA) Program. He has taken the Banking + Finance Oath (BFO). When he is not writing, Owen is Managing Director of Rask Finance, an Australian financial education company. You can email him: [email protected].

Published October 9, 2013 10:51 am AEDT

Workers from ANZ (ASX: ANZ) have rallied together to fight a proposal to send 590 call centre jobs offshore.

The job cuts, uncovered in a leaked document earlier this year, were intended to send jobs from the company's Mulgrave office to Thailand and New Zealand. After backlash from the community and workers however ANZ was compelled to keep the jobs local. As a result workers will now be moved to ANZ's South Melbourne offices.

Finance Sector Union spokeswoman Leanne Shingles yesterday said, "It was a concerted effort from the workers at ANZ and they are certainly celebrating their very successful campaign today with the news that 590 jobs are to remain here in Australia."

ANZ, who is heavily focused on expanding throughout Asia, has hinted at moving many jobs into areas which would be more strategic for the group. According to The Age, the Finance Union previously described CEO Mike Smith as one of the most aggressive "offshorers" among the big four banks.

Ms Shingles said none of the jobs are headed offshore and added, "This is a very significant moment for finance workers who have been under threat of offshore for many years, we've seen more than 6000 jobs go offshore in recent years."

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Motley Fool contributor Owen Raszkiewicz does not have a financial interest in any of the mentioned companies.

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