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Australia and New Zealand Banking Group Ltd To Lose 131 Australia Jobs-DJ

Tuesday, 19 Feb 2013 08:17pm EST 

Dow Jones reported that Australia and New Zealand Banking Group Ltd plans to cut 131 jobs from its Australian workforce mainly in the lender's Sydney-based Wealth and Private Banking business, the Finance Sector Union said. A spokesman for ANZ disputed the figure, saying the number was closer to 70. The roles, most of which involve administering ANZ's pension funds for high-net-worth individuals, will be moved offshore to India, the union's National Secretary Leon Carter said in an email Wednesday. 

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