Login
ISCOVER
Further job cuts are expected to hit the banking and finance sector before Christmas as the industry attempts to adjust to the financial crisis.
According to The Australian Financial Review AMP is set to sack more than 200 employees next week while Macquarie Group is reportedly planning to cut its workforce by 10 to 15 per cent.
The news follows confirmation from Citibank last month that around 100 jobs would be lost at its Sydney office as part of a global 50,000 job cull.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
ANZ has also confirmed it is reducing its “middle-management” numbers, though it told Mortgage Business this would not be in excess of 10 per cent of its workforce as reported in mainstream press.
Related articlesNo impact to Citibank third part business by worldwide job cuts 21-11-08
JOIN THE DISCUSSION