Tuesday 8 May 2012

The Australian Banks


Commonwealth Bank axes 100 staff
The Commonwealth Bank has confirmed staff at its Melbourne mortgage services operations will be made redundant as a result of changes to the business structure.



ABC,
7 May, 2012

The bank says their dismissal is part of a seven-month restructure of the department and says the changes are being made to improve customer service.

Around 300 people will be affected, with 100 made redundant.

The CBA says staff have been informed and it will try to find other opportunities for those affected.

The banks says it remains committed to not sending any local jobs offshore.

The Finance Sector Union is meeting Commonwealth Bank executives this afternoon.

The union's local executive secretary Darren Martin says it is ironic that the bank is cutting staff at a time of record profits.

"That's part of our meeting with the bank today," he said.

"We're already getting reports back from our members that are incredibly stressed, incredibly disillusioned, and we'll be down there talking to them on Wednesday."

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