jobs lostDozens

The Commonwealth Bank is slashing more than 40 roles and sending them offshore taking the total to 500 jobs from the major bank being sent overseas in the past two years, according to the Finance Sector Union (FSU).The FSU said customers…

The Commonwealth Bank has been accused of putting “profits before people” with 113 staff set to be sacked and the roles sent offshore to India, according to the Finance Sector Union.Employees in jobs including technology and customer…

Dutch medical device manufacturer Philips said Monday it will cut 4,000 jobs as another massive penalty for faulty sleep respirators pushed it into loss.The 1.3-billion-euro ($2.2 billion) charge for the defective machines pushed the firm…

Westpac is set to close down another 23 branches across Australia in a decision slammed by a union as an “appalling decimation” of the network, which would also see a number of towns lose their last bank.The move will mean Westpac has…