Australian ANZ Bank is reportedly off-shoring its back-office operations in Melbourne to India by the end of the year. According to an ANZ spokesperson most of the jobs about to be scrapped were in Melbourne with around 500 jobs being slashed. Anz sokeswoman said in a statement that in 2008, the size of the operation in Bangalore grew by around 500 people and it is reasonable to expect there will be some further growth in 2009.
The move will allow ANZ to focus more on its Asian business and the latest round of cuts in Australia would boost the 3000 strong workforce it already has in Bangalore. Centralising the processing c3entre in India is part of the ANZ’s plan to grow into a super-regional bank in Asia.
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