ANZ Cut Jobs in Singapore
ANZ has engaged in a cost cutting measure by reducing the number of Singapore staff by around 20%. This comes up to roughly 400 jobs. The job cutting exercise began last year and will likely end on the bank’s financial year end on 30th September.
ANZ reported a 24% drop in cash earnings earlier this year, This was one of their largest drops in earnings for almost 10 years.
News Source: Finews Asia
The Australia and New Zealand Banking Group Limited (ASX:ANZ) first opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838. Its history involves many different bank prior to the merger of the Bank of Australia with the Union Bank of Australia Limited on 1 October 1951. Today, it provides a range of banking and financial products and services to over 9 million customers in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe, and America.
- Origin : Melbourne, Australia
- Assets : $ 889.90 billion
- Revenue : $ 36.98 billion
- Employees : 50,152
Official Website: www.anz.com
News & Media: Press Release
Updated on 8th August 2016