ANZ job cuts in NZ
New Zealand wire service reports have revealed that the ANZ Bank in that country has called for voluntary redundancies among its branch staff.
The reports said that all staff had been called to special meetings to hear the news, with a union spokesman claiming the voluntary redundancies would be accompanied by a freeze on new recruits and less use of casual staff.
The New Zealand reports said that staff had been told that over the counter transactions had fallen by 10 per cent and that the bank was facing challenges as a result of the global financial situation.
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