Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Bank workers want assurance of no NZ outsourcing

21 September 2006

For immediate release

Bank workers want assurance of no New Zealand job outsourcing

Finsec, the finance workers’ union, is calling on New Zealand’s three big Australian owned banks to state that they will not be outsourcing New Zealand jobs to cheaper labour markets in response to major outsourcing announcements in Australia.

Westpac is currently planning to outsource nearly 500 Australian jobs to India. ANZ Australia, which owns the ANZ and National Banks in New Zealand, has relocated most of its IT software development and maintenance to an Indian subsidiary. National Australia Bank (NAB) which owns the BNZ is looking to outsource up to 181 jobs to India.

Finsec’s Campaigns Director, Andrew Campbell, says that Finsec is writing to the major banks seeking assurances that outsourcing will not also happen here. Westpac has advised Finsec that it has no plans at present to outsource any New Zealand operational functions.

“Australian banks make huge profits in New Zealand and we think they have an obligation to maintain and employ New Zealanders. We do not believe they should enter into international wage competition and move our jobs overseas when they are so profitable here”, said Campbell.

“In the past when Australian banks started closing bank branches to save money, their New Zealand subsidiaries soon followed. We know that Westpac’s New Zealand CEO, Anne Sherry, has visited Indian outsourcing firm, Infosys, earlier this year. This seriously concerns us.”

The Finance Sector Union in Australia estimates up to 50,000 of Australia’s 280,000 finance jobs could disappear if outsourcing continues. There are about 23,000 bank jobs in New Zealand.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them.

Finally, yesterday’s announcement by the Ardern government that a new state agency will be set up to assess and plan the manned re-entry to the mine (on a set timetable) goes a long way to meeting the families’ remaining request: that they be enabled, if at all possible, to bury their loved ones. More>>

 

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

Train Free Thursday: Workers Strike To Defend Terms Of Employment

"They signed up to these conditions a year ago when they got the contract for Wellington's rail services. Now they're trying to increase profits by squeezing frontline workers." More>>

ALSO:

Seclusion: Ombudsman Emphasises Importance Of Monitoring

Disability Rights Commissioner Paula Tesoriero says that while there have been changes to the Education (Update) Amendment Act 2017 to prohibit the use of seclusion, the report is an important reminder of the importance of regular monitoring of schools. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election