Westpac is slashing 132 jobs from its risk management, operations and sales divisions, with some of the roles set to be sent offshore to companies in India and the Philippines.
The major bank advised the Finance Sector Union (FSU) that 62 roles were being axed from the risk division, along with 50 positions from operations. A further 20 cuts from sales were announced in January.
The job cuts to the risk division come at a time when bank customers are facing an unprecedented level of scams, with customers fleeced of more than $600 million over the last year.
Do you have a story to share? Contact tamika.seeto@yahooinc.com
FSU national secretary Julia Angrisano said they were notified about the job cuts on the same day CEO Peter King told the ASX that risk management remained “a priority”.
“Risk management is hardly a priority at Westpac when it is making new job cuts on top of almost 100 other risk jobs being slashed in 2023,” Angrisano said.
The 50 operations positions will be offshored to contract companies Genpact, TATA Consulting Services and Concentrix, while the 20 sales jobs…
