AU
Sector: Retail banking
Local layoffs hit late in ’08
It’s still not on the same scale as Wall Street, but Australian banks are catching the job-cutting bug. Mergers, restructuring, IT outsourcing and the financial crisis are combining to create a bleak Q4 for finance-sector employment. Macquarie is said to be planning cuts and internal redeployments in its property and real estate divisions, due to [...]
Should banks force staff to work weekends?
Do you support the Finance Sector Union (FSU) in its weekend-work court battle with the Commonwealth Bank of Australia (CBA)? The FSU wants to prevent CBA from forcing staff to work at the weekend. (The Australian). But in the current economic climate, should we still have the right to stay clear of the office on [...]
ANZ hires in Vietnam, profits fall in Aus
Despite announcing its first fall in profits in ten years, ANZ is gearing up to double its headcount in Vietnam. And there will be jobs for Aussies willing to relocate. ANZ has posted an overall net profit for the year ended September 30 of AU$3.319bn, down 21% from fiscal 2007. But the bank is pressing [...]
Banking jobs take another blow
The bad news for banking jobs has continued with the latest release of the Oliver Job Index. The monthly report says total banking and finance job advertisements fell 3.8% in July and 13.92% over the previous 12 months. The year-on-year decline was the worst of any sector. Report author Bob Olivier, director of recruiter Olivier [...]
Victoria braces for interstate assault
Australia’s second-tier banks and financial institutions are pushing aggressively into the Victorian market, fuelling activity in the jobs sector. Interstate banks such as Perth’s BankWest, Sydney’s St George Bank and Bank of Queensland are steadily building up their staff networks, opening retail branches and business centres in strategic locations around Melbourne. As well as taking [...]
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