Fed: ANZ to cut up to 800 jobs by end of year

AAP General News (Australia)
12-06-2008
Fed: ANZ to cut up to 800 jobs by end of year

The ANZ Bank will cut up to 800 jobs before the end of the year.

ABC reports that staff were told in Melbourne yesterday by ANZ chief executive MIKE SMITH.

The Finance Sector Union says the bank's using the financial crisis as a cover for the cuts.

LEON CARTER .. National Secretary of the FSU .. has told ABC that ANZ continues to
be a very profitable organisation .. so these cuts are all about maximising money for
shareholders.

AAP RTV krc/af

KEYWORD: ANZ (SYDNEY)

2008 AAP Information Services Pty Limited (AAP) or its Licensors.