Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ANZ profit announcement tomorrow

26th April 2005
For immediate release

ANZ profit announcement tomorrow

Staff in ANZ National are awaiting their owner’s 6 month profit announcement tomorrow morning with bated breath. The announcement is expected to be one of the largest ever profit figures, with nearly 25% expected to come from New Zealand.

This comes less than a week after thousands of staff walked off the job across New Zealand over the failure of their Australian owner to recognise their weekends and bring equity with their Australian counterparts.

“The facts just don’t add up – we have an Australian owner, record profit going back to Australia – yet New Zealand workers are on lesser terms and conditions. How is this bank getting away with such daylight robbery?” Said ANZ National employee Grant Forsyth.

“Analysts are also predicting that ANZ will attempt to ‘allay investors' fears regarding the potential loss of customers through the National Bank integration’. Clearly, this expected profit announcement shows that the bank can easily afford our claims, so why is the bank risking the loyalty of their staff and customers?” Said Karen Skinner from Finsec, the union for bank workers.

“New Zealand customers are paying the price of this huge profit, yet New Zealand staff are being forced to go on strike to try and get recognition for their weekends, and equity with Australia. Staff will be asking the public of New Zealand to continue to support them in their campaign against this large Australian corporate” concluded Ms Skinner.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>


Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>


WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>


Stink one!: Stink Bug Invasion Could Cost NZ Billions

An invasion of the brown marmorated stink bug - the pest discovered recently in three Japanese car shipments - would devastate New Zealand's fruit, vegetable and wine industries, destroying more than $4 billion of export value and costing thousands ... More>>