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WESTPAC JOB CUTS
Westpac's latest job cuts not AI-driven, spokesperson saysWestpac is set to eliminate approximately 140 positions as part of a restructuring effort. The Finance Sector Union highlights that the ban...- KPMG Australia was once considering 1,000 job cuts; firm now confirms nearly 400 layoffsIn a turbulent move, KPMG Australia is set to lay off around 400 employees, including high-ranking partners. This decision comes on the hee...
- KPMG Australia says no decision made on workforce after media report of 1,000 job cutsKPMG Australia denies making job cut decisions following media reports. The firm is reviewing its operating model and cost base for future ...
- Dollar on defensive as data show cracks in US jobs marketThe dollar weakened in early Asian trade as investors, awaiting U.S. labor data, reacted to private surveys indicating job cuts. This fuele...
- Dollar steady after rebound from 3-1/2-year low in post-Fed rollercoaster rideThe U.S. dollar experienced volatility following the Federal Reserve's rate cut and cautious outlook, initially plummeting before reboundin...
- Australia's ANZ to cut 3,500 jobs as new CEO Matos takes chargeANZ Group will cut 3,500 jobs. CEO Nuno Matos warns of more changes. The bank will take a A$560 million restructuring charge. These cuts ai...
- New Zealand Reserve Bank cuts official cash rate to 3.5% as Trump's tariff war rattles global economyThe Reserve Bank of New Zealand reduced the official cash rate to 3.5 percent on Wednesday. This decision followed global market instabilit...
- Dollar steady ahead of Fed minutes, NZ dollar falls after rate cutThe U.S. dollar remained stable, easing pressure on the yen and other major currencies, as investors considered the Fed's interest rate pat...
- Dollar firm as war widens in Middle EastThe dollar surged after an Iranian missile attack on Israel. Investors sought safe assets amid fears of Middle East conflict escalation. Th...
- Light wind in dollar's sails after bumper US payrollsU.S. consumer price inflation for March on Wednesday and a European Central Bank (ECB) policy meeting on Thursday will be the main economic...
- Yen gains as bets firm for imminent rate hike; sterling slidesThe dollar index, which measures the currency against the yen and five other major rivals, stuck close to a nearly two-month low reached Fr...
- Yen near 10-week low, dollar buoyant as traders adjust rate betsThe yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialled back bets on how ...
- Commonwealth Bank of Australia could cut up to 200 jobs: SourceThe Commonwealth Bank of Australia may be considering cutting around 200 jobs in an effort to reduce costs. The bank's ongoing consultation...
- Australia shares end higher on trade talk optimism, virus treatment hopesThe S&P/ASX 200 index rose 0.5 per cent to 6,161.4 at the close of trade.
- Australia shares rise on mining, energy stocks; NZ hits record highS&P/ASX 200 index ended up 43.60 points or 0.7 per cent to 6,327.80.
- Best Xmas gift for Aussie bankers: their jobAll I want for Christmas is ... my job! That's a refrain heard around the world as the financial crisis puts hundreds of thousands out of w...
- Outsourcing fallout: Oz union up in armsAustralian worker unions are increasingly turning the heat on banks planning to up the ante on outsourcing to India. BPO Brigade
- Outsourcing fallout: Oz union up in armsWorker unions are increasingly turning the heat on banks planning to up the ante on outsourcing to India
- More Aussie cos to outsource work to IndiaClose on the heels of Qantas announcing outsourcing of its IT operations, Australia's St George Bank is also planning to transfer jobs to I...
- Australian investment firm to outsource jobs to IndiaA major investment company owned by Australia's leading bank Westpac is all set to outsource over 70 jobs to India in a bid to improve cust...
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