Majority of mass ANZ job cuts will impact staff at bank's Melbourne office
ANZ will slash thousands of jobs from its Melbourne headquarters as part of a mass redundancy plan.
It is believed the majority of 3500 full-time roles and 1000 contractor jobs cut from the big four bank will impact staff at ANZ's office in Docklands, Melbourne.
ANZ said it promised to treat employees with "care and respect" and to move through the process as quickly as possible.
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ANZ will cut thousands of jobs in the next 12 months. Will Willitts
The exact roles which will be impacted remains unclear.
ANZ, which has a market capitalisation of $98.3 billion, said there would be "limited impact" on frontline roles that involved interaction with customers.
"We know this will be difficult news for some of our staff," ANZ chief executive Nuno Matos said.
"While some of these changes have already commenced, we are committed to working through the impacts as quickly and safely as we can, with both care and respect for our teams affected."
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ANZ chief executive Nuno Matos says the bank is committed to working with staff who will be impacted by the cuts. Arsineh Houspian
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Departing staff will be offered support including career advice, access to training, and individual support.
The bank also pledged to engage with employees and "relevant" unions.
"We are operating in a rapidly evolving and highly competitive banking environment," Matos said.
"As we continue our strategic review, we are eliminating duplication and complexity, stopping work that doesn't support our priorities, and sharpening our focus on improving our non-financial risk management practices across the bank."
Businesses nearby ANZ's headquarters told 9News the redundancies will be catastrophic for the local area.
"The stress is just like reverberated through the entire district because ANZ is like our biggest customer," cafe owner Stefania Montesano said.
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