00:00It was a dark day for workers at Australia's fourth largest bank. ANZ staff towing the company line.
00:10Focus on working. Focus on working, OK.
00:13The bank's boss says frontline staff aren't facing the axe.
00:17The people in the branch are not being touched. We're not touching our call centres.
00:22Nuno Matos wants a leaner operation to improve risk management and insists jobs aren't being lost to AI.
00:30This is not about profits. This is about getting the things right.
00:363,500 jobs will go by next September, around 8% of its global workforce.
00:42Another 1,000 contractors will also be axed.
00:46Staff who worked for Suncorp Bank when it was taken over by ANZ in 2024 are protected for now.
00:53If we can't rely on one of our most profitable top 10 ASX companies in this country to employ and offer good jobs, I'm not sure what we can rely on.
01:04The financial services union said staff in Melbourne are predominantly in the firing line.
01:09The union says 800 workers will find out if their jobs are going this week, while the ANZ's boss says he expects most of the job cuts will be done by early next year.
01:21Many of them found out this morning while they're at home making the kids sandwiches for school or on their commute to work they got their news feed on the phone.
01:30I don't think that's true.
01:31Some staff recently facing redundancy received an automated email before getting a tap on the shoulder.
01:38Analysts warn there are more to come.
01:40It has to be the tip of the iceberg with the introduction of AI and other cost efficiencies.
01:45That's going to be a feature of the banking industry.
01:47An industry on edge.
01:49Tuesday on edge.
01:50Thursday on edge.
01:51Thursday on edge.
01:52on edge.
01:56today
01:58obviously everything has to be a good point in it and Viola and every industry.
01:59aremos
02:00bas
02:05is going to turn into art.
02:06org
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