Tuesday, September 4, 2012

Finance sector jobs cut in Australia reach 10,000

A new report has found 10,000 finance sector jobs have been cut in Australia since the global credit crisis, The Australian Financial Review reports.


According to the newspaper, the report issued by Swiss-based international union UNI Finance Global has also found an additional 6300 positions were reportedly outsourced overseas.

The Finance Sector Union of Australia has commented on the report saying the numbers were not the most accurate as they did not include recent cuts from the big four banks and other institutions.

The FSU has said 4054 finance sector jobs have been made redundant or sent overseas during 2012 alone.

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