Provided by NZX
  • ANZ33.18

    $0.631.9%

  • Open 32.55 High 33.3 Low 32.95 Bid Price 33.18

    Offer Price 33.3 Value 3909339.27 Volume 117825

Current as of 19/12/14 07:40PM NZST

ANZ cuts 'not in New Zealand'

ANZ Bank plans to cut back its workforce in Austalia. Photo / Supplied
ANZ Bank plans to cut back its workforce in Austalia. Photo / Supplied

The ANZ Bank plans to cut back its workforce in Australia, according to a union source, but a spokesman for the bank has said there are no plans to reduce staff in New Zealand.

Australian media, quoting the Finance Sector Union, said the bank planned to slash hundreds of jobs in Australia over the next six months as part of an aggressive cost-cutting initiative.

The union had been told by the bank yesterday that it would be cutting jobs, but said customer-facing positions would not be axed.

But ANZ, which counts as New Zealand's biggest bank, said it had no such plans for this country.

"We have no plans for company-wide redundancies in New Zealand in 2012," a local spokesman said.

- APNZ

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on production apcf02 at 20 Dec 2014 17:07:00 Processing Time: 796ms