NAB threat to 400 IT jobs and 'long term careers'

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NAB threat to 400 IT jobs and 'long term careers'

The National Australia Bank (NAB) is looking at sending 400 IT jobs offshore and an internal document warns staff that 'long term careers with a single company' may be a thing of the past.

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The National Australia Bank (NAB) is looking at sending 400 IT jobs offshore and an internal document warns staff that 'long term careers with a single company' may be a thing of the past.

The Age's 'Business Day' section reports that internal documents show NAB hired global outsourcing specialist TPI this year, to seek options for three of NAB's IT units.

Trip to India

A NAB leadership team travelled to India last month to look at how the outsourcing could be conducted.

Business Day says the team included IT testing head, Brian Pollard, enterprise services technology head, Stuart Growse, General Manager of technology and innovation, Geoff Wenborn, head of technology banking Australia, David Killen, and IT offshoring program director, Hamish McKensie.

Among the jobs which could be sent overseas are enterprise information management and software development, and the testing of NAB's Australian banking operations. The units in question employ about 410 people.

A NAB spokeswoman said not all these jobs would be affected by plans to move jobs overseas.

Every position 'assessed over time'

An internal document quoted by Business Day says every IT position could be 'assessed over time'.

The bank says it will prefer to 'multisource' jobs to several providers rather than outsourcing complete operations.

Scenarios were discussed, that would cut NAB's 2,700 internal domestic IT staff to as few as 200. A bank spokesman said these scenarios were concepts only, not targets.

The spokesman said that over the past two years, 374 back-office jobs had been sent overseas or earmarked for such a move. In that time, NAB had also added about 900 jobs to its Australian regional workforce.

Need for 'broad skill set'

However, the document says: 'Very few companies or employees these days are able to assure people of long-term careers with a single company.' It suggests employees should 'ensure your skill set is as broad and versatile as possible' to make it easier to stay employed somewhere in the industry - though not necessarily at NAB.

A Finance Sector Union spokesman said it was 'disappointing' that the bank was considering sending any part of its operations overseas.

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