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Monday May 21, 2012

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Westpac sending local jobs offshore

Posted by: 2UE | 23 January, 2012 - 8:43 AM
Anger as Westpac send local jobs offshore

Westpac is shipping jobs offshore in what Jason Morrison describes as one of the grubbiest corporate acts in a very long time. Hear how local workers have to train overseas workers, ahead of facing the sack!

 

 


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Blog comments Your Say

  • Absolutely disgraceful! Are they following their business policies? Not likely.

    Corporate Trainer Tuesday 24 January, 2012 - 6:38 PM

  • Ah Déjà vu. I was made redundant from EDS in 2004 (formerly Commonwealth Bank's IT Dept 1997) after training two Indians to do my job. I had a total of 15 years experience as an analyst/programmer with the CBA and EDS, and could/can not get work due to this ongoing overseas outsourcing. My solution was to return to uni and embark on a completely different career, and risking my house, credit rating and mental health in the process.

    Wayne Tuesday 24 January, 2012 - 3:24 PM

  • i have so much loyalty to this bank, i work overtime with no pay,continue on support 24/7, and very good with this job. they want us to delight customers,
    and very good with what you do, then reorg, redundancy,be professional to transfer knowledge, we did trained (TCS)and even the one we already trained they found other alternatives (INFOSYS), cheaper and train again these alternatives.
    MANAGEMENT are out of touch to the technical problems of IT. These are merely managers how to cut cost, get bonus and go away, pity WESTPAC shareholders must sell now and I predict there will be a chaos soon.

    loyalty on ? Tuesday 24 January, 2012 - 10:42 AM

  • Globalisation has allowed free trade and technology to enable businesses and individuals access cheap services. One example of this is online shopping. Another example is people with I.T. skills migrating to Australia only to discover often that the jobs they chased have in fact been outsourced to their home-countries. The consequences need to be managed by policy makers - given an entire generation is impacted whilst this economic adjustment occurs. Importantly, taken to extremes like alcohol or other fads - globalisation will turn on and devour its proponents. Boundaries need to be in place to secure the benefits of globalisation without destroying communities and beggaring developed countries.

    Marc Hawkes Tuesday 24 January, 2012 - 9:59 AM

  • I am one of the Westpac IT staff who will be impacted by this redundancy. The biggest irony is the bank boasts about its community involvement. Yes, it does a good job like the life safer helicopters. The easiest way to serve the community is to provide employment to the Australian locals. Then the salary can stay in the bank, which Gail Kelly wishes to grow deposits, which can rely less on foreign funds and reduce the cost of funds. With a stable income, people can repay the mortgage on time, the business can stay locally. This outsourcing is moving towards the downward spiral. People won't deposit in this bank, people can't repay mortgage and the business will keep shrinking. The other thing that Gail advocates about delighting customers. Employees are the bank's customers too, definitely they are not delighted.

    barry Monday 23 January, 2012 - 9:23 PM

  • @ Cheryl the problem of jobs going overseas was started by Gough Whitlam and has been followed by every Government ever since. Read the Lima Declaration and realise that the Politicians hate us!
    My funds are with a Building Society and all depositors are share holders!

    Westpac employees should walk away now!

    Evil triumphs when good men say nothing! Monday 23 January, 2012 - 5:12 PM

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