Australia's ANZ bank to slash 1,000 jobs
- Published: 13/02/2012 at 03:33 PM
- Online news: Asia
ANZ Bank Monday said it will slash some 1,000 jobs in response to a tougher global environment as profits are squeezed by higher funding costs and lower demand for financial services.
The new ANZ Bank logo adorns the bank's headquarters in Perth in October 2011. The Australia and New Zealand Banking Group announced Monday it will slash about 1,000 jobs in Australia in response to a tougher global environment.
The move comes barely a week after fellow banking giant Westpac confirmed it will axe up to 550 jobs to protect its profits while some 170 positions at the Australian arm of the Royal Bank of Scotland are also expected to go.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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