“It’s completely pathetic that an organisation that continues to make a multi-billion dollar annual profit thinks the only way through difficult times is to sacrifice Australian jobs.”
Westpac is cutting hundreds of jobs as part of its cost-cutting program, with Sydney bearing the brunt of the redundancies.
The Finance Sector Union this afternoon said that 560 jobs were set to go at Westpac, in the latest round of job cuts to hit the financial services sector this year.
Australia’s second biggest bank today briefed workers about the job cuts and positions it will relocate to India as part of a group-wide restructure.
Read More: Westpac to axe hundreds of jobs