Close on the heels of Qantas announcing outsourcing of its IT operations, Australia’s St George Bank is also planning to transfer jobs to India. St George is following the lead of Westpac, ANZ, National Australia Bank and Qantas in shifting as many Aussie jobs as it can overseas, media reports said.
The bank has already told 80 workers at its Kogarah collections office that their jobs will be moved to India and more jobs are expected to be axed. Many in the financial services industry are now trying to cut costs by outsourcing back office operations to India.
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