|
Issue No. 330 | 27 October 2006 |
Fair Weather Friends
Interview: Cowboys and Indians Industrial: Seven Deadly Sins Unions: The IT Factor Politics: Bargain Basement Environment: An Inconvenient Hoax Corporate: Two Sides International: Unfair Dismissals History: A Stitch in Time Review: The Wind that Shakes the Barley
Aunty Strikes at Lakemba Mosque Community Volunteers for Heavy Lifting Life Education for Apprentices
Parliament The Soapbox Culture
Labor Council of NSW |
News ANZ Banks on India
Talking up the bank's massive $3.7 billion annual profit, ANZ CEO John McFarlane dismissed concerns about data privacy in India, where workers are paid just $100 per week. McFarlane told reporters he "couldn't see what the problem" with off-shoring Aussie jobs and that "there are no issues about data security in our Bangalore office." "If anything, the data security is tighter than anywhere else in the group," he sapd. Finance Sector union national secretary Paul Schroder says the ANZ bank needs to explain to customers and staff how this approach is in the long-term interests of the bank. "We know that Australians expect their major corporations to keep jobs in Australia and we know that consumers do not want their personal information sent offshore," Schroder says. "In this context, the FSU calls on ANZ CEO John McFarlane to tell the public today how profitable the bank would need to be before he would commit to keeping these jobs in Australia. "Is two billion dollars enough? Or three billion dollars? Or four billion dollars? Or will the bank continue to send Australian jobs overseas regardless of how much money it makes. "These policies will have a detrimental effect on customer satisfaction levels for the major banks, "Customers are not fools - this is a chase for short -term profits by an industry that is already extremely profitable and highly efficient."
|
Search All Issues | Latest Issue | Previous Issues | Print Latest Issue |
© 1999-2002 Workers Online |
|