NAB jobs Melbourne under fire with 1000 jobs threatened

8 April 2009

According to the Finance Sector Union, over 1000 back-office and technology jobs Melbourne may be under threat of being cut at the National Australia Bank.

The union stated that the majority of jobs under threat would be located in jobs Melbourne, in particular the accounts payable, international trade and payments, lending services, payroll and the custody business departments. It is thought the National Australia Bank may follow the lead of the ANZ Bank.

ANZ Bank recently announced that it will soon begin outsourcing 500 back-office jobs to India, resulting in 500 Australian jobs being lost by the end of 2009. ANZ bank stated the majority of jobs lost would be within the technology and back office operations roles, just like what the Finance Sector Union is predicting for the NAB.

The Finance Sector Union said it is basing its predictions on the fact that many jobs Melbourne and contracts are under review with the bank with assessments being made. Most reviews are expected to be completed by September 2009.

The Finance Sector Union has previously asked that banks keep banking jobs within Australia in effort to receive financial assistance from the government from the Federal Government's $700 billion guarantee program for deposits aimed at supporting Australian-owned banks, building societies and credit unions over the next three years.

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