NAB, ANZ send jobs to India

National Australia Bank has denied claims by the Finance Sector Union that it is planning to send 628 jobs offshore. "We do not have a target," a spokesman for the bank said. "We do not have a number. The numbers that the union produces are wrong. We've told them they're wrong."

The union says the 628 jobs figure is the total of a number of small scale job cuts.

Westpac said it would not send any more Australian jobs overseas until economic conditions had improved.

Commonwealth Bank said it would refrain from off-shoring for three years because of the sagging job market.

ANZ confirmed that 1,000 jobs would be shifted away from Australia by the end of 2009.

Source: The Age