Australian Bank ANZ Says To Cut At Least 60 Markets Jobs

www.oann.com | 10/25/2017 | Staff
SYDNEY (Reuters) – Australia & New Zealand Banking Group said on Thursday it will cut about 60 staff positions from its markets division across the world due to “challenging” conditions and “ongoing headwinds”.

The job cuts impact 30 employees in Australia and a similar number across Asia, Europe and the United States, equating to roughly 7 percent of its workforce, spokesman Stephen Ries said in an email.

ANZ - Center - Australia - Cases - Crime

ANZ has found itself at the center of one of Australia’s biggest cases of alleged white-collar crime following cartel conduct investigation by the country’s competition watchdog over a $2.3 billion stock issue.

Australian banks are also being investigated by a quasi-judicial public inquiry called Royal Commission which has already earthed a series of malpractices and dodgy behavior.

ANZ - Job - Cuts - May - Shayne

ANZ’s job cuts were announced internally on May 4 by Shayne...
(Excerpt) Read more at: www.oann.com
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