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Issue No. 328 | 13 October 2006 |
Straw Men
Interview: Australia�s Most Wanted Industrial: The Fox and the Contractor Unions: Industrial Wasteland International: Two Bob's Worth Economics: National Interest Environment: The Real Dinosaur History: Only In Spain? Review: Clerk Off
Classifieds the New IR Attack Dog States Keep Stakes in IR Blueprint Meatworkers Boned by WorkChoices Democracy Overboard in Bass Strait Unionist Targeted for Deportation Taxpayers Taken to the Cleaners Workers Lose Right to Choose Lawyers
Legends The Soapbox Obituary Fiction
The Unpromised Land
Labor Council of NSW |
News Money Walks Over Jobs
ANZ, the largest exporter of Australian jobs, threatened to pull $5 million in advertising from News Ltd after the Daily Telegraph exposed the scope of its Bangalore operations.
The vociferous response, coupled with threats of legal action, followed a front page story that wrongly identified an ANZ technology facility as a call centre. While the gambit blunted the Telegraph campaign against outsourcing, it has failed blunt growing public concern about off-shoring, with the Commonwealth Bank becoming the first major bank to rule out any off-shoring of jobs. Commonwealth Bank head of marketing Barbara Chapman told ABC's PM program last night: "Right now at the Commonwealth Bank we think we've got the skills in place in Australia to do the roles that we're needing to do, particularly around delivering service for our customers. So that's the main reason. "But also looking at this whole picture, our assessment has been that the potential cost benefits may not actually outweigh the additional risks involved in outsourcing. So we've preferred to keep jobs on shore." Finance Sector Union national secretary Paul Schroder says this is a significant development and put san end to rumours that CBA was exploring its own off-shoring options. "This is a great step forward in the union campaign to maintain a viable finance sector in Australia, as ANZ, Westpac, NAB and St George all pursue off shoring to cheaper labour bases like India," Schroder says. "The Commonwealth Bank has staked out a position that sets itself apart from its competitors and more closely aligns itself with community values. "This is a smart business move and one that may prompt other banks to revise this crude cost-cutting strategy."
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