Suncorp to send 65 more jobs offshore
Suncorp Group is the latest financial services company to announce redundancies, by sending 65 accounting positions to India.
Finance Sector Union (FSU) national secretary Leon Carter said two thirds of the positions would come from Brisbane and the remainder NSW.
Mr Carter said Suncorp had now moved 203 jobs offshore in the past six months, including 50 roles in claims, 17 in Suncorp Business Services, 71 roles in personal insurance and 65 roles in accounting.
'Suncorp's offshoring program appears to be gaining pace with the company announcing another 65 jobs will head to India in 2012,' Mr Carter said in a statement.
The FSU says some of the affected staff are involved in compiling the insurance and banking company's half yearly and annual reports.
The redundancies announced on Wednesday came a fortnight after Suncorp confirmed 71 roles would be sent offshore.
'At this rate, employment opportunities for the next generation of finance workers will be severely limited,' Mr Carter said.
A Suncorp spokeswoman said many employees felt 'really burnt' after putting in long hours to assist Queensland flood victims with insurance claims last year.
While Suncorp would not reveal the exact number of redundancies, a spokeswoman said some staff would be offered other roles within the company.
She said the 65 positions quoted by FSU did not consider 'immediate redeployment' and 'expression of interest opportunities'.
'We expect that the net number of roles impacted will likely be around 40,' she said.
'We are currently in consultation with the impacted employees regarding our intention to engage a partner company to undertake some of our back office accounting functions.
'Our preference is to redeploy these people across the group, where possible.'
She said the group anticipates its employee base will decline over the medium term.
On Tuesday Macquarie Group said it planned to cut 10 per cent of its investment banking jobs and last week Westpac briefed workers about 410 job cuts and positions it would relocate to India as part of a group-wide restructure.
FSU figures released in January showed National Australia Bank, ANZ Banking Group, Westpac and Commonwealth Bank collectively made 3,309 roles redundant in 2011.
At 1527 AEDT Suncorp shares were 30 cents, or 3.7 per cent, higher at $8.48.
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Suncorp to send 65 more jobs offshore
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