Feeds

Westpac drops tech roles

Tech sector gloomy, boardroom happy

SANS - Survey on application security programs

Westpac continues to slash jobs as part of its offshoring initiatives, revealing that it will cull a further 119 technology roles, most of which will be awarded to India’s Infosys.

The job cuts follow on from the recent dismantling of 188 positions in November and 560 in February. The bank is in hot water with unions and industry for the practice of bringing in lesser paid contract employees from India, training them in Australia for three to six week courses and then returning them to be employed in equivalent positions at third party companies.

Westpac said it has “an $AU8.3 million budget this year for redeployment and training as many people as possible into new roles”.

According to Human Resources magazine, the disparity in wages is stark: an equivalent Australian job positioned at $AU60,000 - $AU90,000 annually can be filled at $AU7,000 - $AU9,000 annually offshore.

The Financial Services Union (FSU) has called on the bank to respect the rights of employees impacted by job slashing announcements.

Complaints have been lodged with State and Federal Governments and politicians have begun meeting with FSU members to hear first hand the impact of job slashing and offshoring.

The union plans to hold paid time workplace meetings with affected employees to discuss the impact of the latest proposals and develop responses including alternatives to put to the bank over the next few days.

It has also called on Westpac to provide assurances that: no Westpac employee should be forced to be redundant; no-one should be forced to train the offshore provider that is replacing local jobs; jobs should not be offshored when the skills and the employees are already here doing the work well.

“It's a huge insult for the Australian workers to be told that not only are we going to take your job off you, but before we do that, we're going to require you to train an offshore replacement,” Geoff Derrick from the Financial Sector Union, said. ®

Combat fraud and increase customer satisfaction

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.