30 November 2015

NAB looks to move 100 jobs offshore

10 July 2006  |  8584 views  |  0 Sydney Opera House 2

National Australia Bank (NAB) is looking to shift around 100 credit card processing jobs to an offshore centre in a bid to cut costs.

According to a report by The Australian, the bank has invited global suppliers to submit tenders for the outsourcing project.

It is thought that NAB is considering moving the jobs to an offshore centre in India. The bank's Asian management committee is expected to visit the country as part of its quarterly meeting in Hong Kong.

A bank spokesman told reports that NAB is "testing the market" and it will be months before the proposals are received. He said any affected staff would be redeployed if the project goes ahead.

The spokeman also said that any customer data would always remain in Australia.

NAB started a pilot offshoring programme last October involving 24 accounts payable staff in Bangalore.

The news follows moves by Australian bank Westpac to move 400 back office jobs to India. ANZ bank already has 1100 staff in Bangalore working on software development.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 July, 2006
21 April, 2006
27 January, 2006
18 October, 2005
19 July, 2005
11 May, 2005
29 March, 2005

Related company news


Who is commenting?

Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
8159 views comments | 34 tweets | 42 linkedin
Former Barclays chief forecasts massive jo...
7328 views comments | 30 tweets | 35 linkedin
EPC publishes proposals for pan-European i...
6949 views comments | 34 tweets | 31 linkedin
BNP Paribas to test contactless payment di...
6423 views comments | 19 tweets | 25 linkedin
WeChat launches mobile wallet in South Afr...
6377 views comments | 20 tweets | 16 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job