(17 November 2009 – Australia) Bank of South Australia, a wholly owned Westpac subsidiary, is bringing jobs back to Australia from India.The bank will be returning eight credit card positions from India to Adelaide.
The Financial Services Union (FSU) national secretary, Leon Carter, said that he believes the news shows that off-shoring is bad for business, the workers involved and the Australian economy.
Mr Carter added that the FSU congratulates Westpac for recognising that off-shoring is a failed strategy, and that customers expect their banks to employ Australians in Australia.
The FSU indicated that more than 5,000 Australian finance jobs have been sent overseas.
Eight jobs is a start. But banks’ employees and customers expect all off-shored jobs to come home, Mr Carter concluded.
A recent poll suggested that 91 percent of customers would prefer to bank with an institution that keeps jobs and data in Australia.