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  • Suncorp May Send As Many As 2000 Jobs OverseasSuncorp May Send As Many As 2000 Jobs Overseas

    The government of Queensland is calling for Suncorp to support local jobs as speculation mounts that the banking and insurance company is looking to send as many as 2000 jobs overseas.

    Suncorp has already shipped 150 positions abroad, and is considering expanding its partnership with international vendors. The company says it is still undecided on the move.

  • ANZ Survey Shows Number Of Jobs Ads IncreasedANZ Survey Shows Number Of Jobs Ads Increased

    A new survey by Australian banking major ANZ suggest that the number of job advertisements jumped by their largest monthly rate since February 2010.

    According to the ANZ job advertisement survey, the number of job advertisements placed in major newspapers and on the internet increased by 6.0 per cent in January. For the year ending January the growth was more moderate, posting a 0.7 per cent rise.

  • Westpac Likely To Cut Hundreds Of JobsWestpac Likely To Cut Hundreds Of Jobs

    Reports are suggesting that Australian banking major Westpac is embarking on a cost cutting program and is likely to announce cuts to its head count as soon as today.

    According to the Sydney Morning Herald, Westpac is set to announce the cuts on Thursday afternoon, though the number of people that are affected is still not known, though other sources are speculating that the cuts could number in the hundreds.

  • ANZ Holds Mortgage Lending Rate Steady But Plans Staff CutsANZ Holds Mortgage Lending Rate Steady But Plans Staff Cuts

    Mortgage holders who borrowed from Australian banking major ANZ can breathe a sigh of relief as the lender said it would hold its variable mortgage rate, however employees of the bank are not so lucky as they await news over a possible cut in jobs.

    Last week, the Finance Sector Union confirmed that the lender has plans on axing hundreds of positions over the following six moths.

  • Major Australian Banks Likely To Cut Thousands Of JobsMajor Australian Banks Likely To Cut Thousands Of Jobs

    Australia’s biggest lenders are likely to cut thousands of jobs nationally as they seek to consolidate record earnings from last year.

    Amidst a backdrop of soaring funding costs and slower growth in mortgage lending, ANZ, Westpac and CBA have devised plans to reduce expenses according to the Daily Telegraph.

  • Read more featured finance news articles