The Finance Sector Union is bracing for the possibility of significant job losses at ANZ as the bank’s chief executive Shayne Elliott moves to reassure staff about his dramatic restructure of the business.
Mr Elliott sent out a manifesto to staff on Monday calling for a more “agile” workplace and a revolution of outdated work practices, and on Tuesday will reinforce that the bank’s focus is on retail customers in Australia and New Zealand and institutional customers across Asia.
The ANZ CEO, whose strategy has included withdrawing from Asia and selling its wealth management business, has previously said the future of the bank will be smaller in terms of branches and people.
Former Westpac CEO Gail Kelly weighed in on the bank’s restruc…
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