Finance union claims 424 NAB jobs going overseas

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Finance union claims 424 NAB jobs going overseas

The Finance Sector Union (FSU) yesterday warned that the National Australian Bank is reviewing 424 jobs to see if they can be sent overseas.

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The Finance Sector Union (FSU) yesterdaywarned that the National Australian Bank is reviewing 424 jobs to see if they can be sent overseas.

Paul Schroder, FSU National Secretary, said the jobs in lending services, direct sales and services and customer service and delivery are being reviewed by third party offshore services provider, Genpact, to determine the possibility of moving them offshore.

He said this review comes on top of the 175 jobs that have already left and a further 70 that have been earmarked to leave Melbourne for India. Schroder said the union has also been made aware of further reviews in the NAB’s Wealth Management and Business Banking areas that could see more jobs sent overseas.

Sensitive data

He said the positions under review deal with a range of highly sensitive personal data including credit and lending details, account details and personal information.

‘Customers are most concerned about the security of their personal financial data,’ Schroder said. ‘If NAB decide to send more jobs offshore then greater amounts of data will be accessed and processed outside NAB’s control.’

‘We are calling on the NAB to weigh up the reputation risks associated with this pursuit of low cost labour offshore at the expense of loyal employees here in Australia.’

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