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

 

Staff fears about future of the National Bank coming to pass

3 August 2011

Staff fears about future of the National Bank coming to pass

Staff fears about the demise of the National Bank seem closer than ever, with major announcements to staff this week, and the bank refusing to rule out job losses.

Today ANZ retail staff were informed that their jobs are to be restructured, in order that their jobs and National Bank jobs are more closely aligned. This is the clearest sign so far that the bank was planning to go to one brand. Bank workers’ union secretary Andrew Casidy said that the changes outlined to staff are significant. “ANZ staff are facing major job changes or possible redundancies, to ensure that the ANZ and National Bank structures are similar and easy to merge.”

Casidy said staff were even more concerned following the bank’s refusal to commit to a series of principles around the change as part of a review of the staff collective agreement.

“Finsec members asked the bank to commit to no job cuts, to not slash staffing levels, and to have decent consultation with staff and customers. The bank has said no to all these things. This should leave all bank staff and customers with serious concerns about what ANZ National’s plan is, and what it means for our economy and community.”

Andrew Casidy said that the bank had tried many times to minimise the changes as a simple re-branding exercise. “We are very concerned that the move will have much more of an impact than just different signs and letterhead. ANZ National are an extremely profitable company, and they will have a hard time convincing New Zealanders that there is any case to cut jobs or service to customers.”

Union members at the bank are meeting over the next few weeks to discuss the bank’s lack of assurances on the changes, and to gauge staff’s major concerns about the changes.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: